Shady Acres MHP
Shady Acres MHP
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Shady Acres MHP
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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.0%
  • Listing ID: 385370
  • Posted On: Jul 8, 2013
  • Updated On: Sep 5, 2013

Description

Owner Carry for right buyer. Nicely maintained Mobile Home Park in Southern Oregon. Owner Carry... 33 spaces with a combination of mobile homes, 2 small stick built homes and a few RV tenants. Onsite manager is good, on Well and City Sewer. Rents are only $245 including W/S and with other Shady Cove MHPs at $380+W/S/G+other fees. 100% occupied. All other MHPs in area are full as well. Good, Solid investment. 9%CAP on current income and there is additional income from a short term contract on a home.

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Park Information

Community Type: All Age
Number of MH Lots: 33
Total Occupancy: 100.0 %
Average MH Lot Rent: $265
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $138,696
Operating Expense: $65,924
Net Operating Income: $69,604
Expense Ratio: 47.5 %
Debt Info: None

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $530

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