Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 13.0%
- Listing ID: 379508
- Posted On: Jun 23, 2013
- Updated On: Aug 9, 2018
Description
38 Unit mobile home park located on 14 acres of land. 33 - 16X80 3 BR & 2 BA homes and 5 doublewides 3BR & 2 BA homes. All homes are park owned and park is 100% occupied with rare vacancies and high demand for rent. All homes are in excellent condition and park is located just outside the city limits in an excellent location. There are 2 large storm shelters located on the property.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 38 |
Total Occupancy: | 100.0 % |
Year Built: | 2006 |
Size: | 14 acre(s) |
Financial Information (Actual)
Gross Income: | $245 |
Operating Expense: | $61 |
Net Operating Income: | $184 |
Expense Ratio: | 24.9 % |
Lot Information
Singlewide Lots: | 33 |
Doublewide Lots: | 5 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
RV Information
Number of RV Lots: | 0 |
Average RV Lot Rent: | $0 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 38 |
Average Rent for Park-owned Homes: | $540 |