Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.4%
- Listing ID: 3814593
- Posted On: Oct 11, 2023
- Updated On: Jul 11, 2024
Description
20 Pad Mobile Home Park and Duplex
19 Tenant Owned Homes
1 Park Owned Homes
Town Water and Septic
Duplex Rent: 1st Floor- $1250 and 2nd Fl- $1950
POH Rent- $1195
Average Lot Rent- $340
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $329 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $130,188 |
| Operating Expense: | $29,800 |
| Net Operating Income: | $100,388 |
| Expense Ratio: | 22.9 % |
Lot Information
| Singlewide Lots: | 20 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $1,195 |
