Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 7.1%
- Listing ID: 389944
- Posted On: Jul 29, 2013
- Updated On: Feb 14, 2017
Description
Located in the resort mountain community of Tao, New Mexico, this 32 unit property is located in the heart of the community off of the main street (Paseo Del Sur) and adjacent to Super Walmart (largest employer in city). Property is self managed with the help of onsite resident, owner is out of state and wishes to find something closer to his Northern California home.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $365 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $141,600 |
| Operating Expense: | $23,792 |
| Net Operating Income: | $105,657 |
| Expense Ratio: | 16.8 % |
| Debt Info: | 670000 |
Lot Information
| Singlewide Lots: | 32 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |