Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

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 %

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