Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.0%
- Listing ID: 389043
- Posted On: Jul 25, 2013
- Updated On: Jul 30, 2015
Description
12 Acre Mobile Home Park in an excellent community and school district. Comes with 10 mobile home lots and 4 camper lots, 16 unit Mini Storage, 2 bay mechanic shop and a 2800 square foot dual office. 7 Park owned homes, 2 park owned campers, 2 lot rents of $150. Property is flat and half is used for Park Rentals and the other half is currently a Mobile Home Dealership, with 1400 sq ft of separate office space used as a thrift store. Dealership side has gravel over nearly 3 acres and 7 extra water meters for camper rentals or park expansion.
$150 lot Rent ; $50 Water, Garbage & Grass Cutting
$4,450 Currently Monthly Revenue(Park Only)
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1991 |
| Average MH Lot Rent: | $500 |
| Size: | 12 acre(s) |
Financial Information (Actual)
| Gross Income: | $54,000 |
| Operating Expense: | $7,500 |
| Net Operating Income: | $46,500 |
| Expense Ratio: | 13.9 % |
Lot Information
| Singlewide Lots: | 10 |
| Park Model Lots: | 4 |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $300 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $500 |
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