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 |