Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 19.0%
- Listing ID: 388736
- Posted On: Jul 24, 2013
- Updated On: Jun 5, 2017
Description
Beautiful 17 acres of woods with a 10 unit mobile home park and 4 acre lake. the park has septic and a well that works wonderfully!! can add 30-40 pads/lots for mobile homes or RV lots!! park nets about $4000/month!! seller is retiring and asking $260k (firm). This is a 19% return!! park has a nice gravel road that circles through it and by the lake. call me for more info!!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Year Built: | 1980 |
| Average MH Lot Rent: | $450 |
| Size: | 17 acre(s) |
Financial Information (Actual)
| Gross Income: | $53 |
| Operating Expense: | $5,415 |
| Net Operating Income: | $0 |
| Expense Ratio: | 10217.0 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $450 |