Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.0%
- Listing ID: 390123
- Posted On: Jul 30, 2013
- Updated On: May 30, 2014
Description
52 unit Mobile Home park situated on 12 acres. This Mobile home park is situated on property Leased from the Pueblo of Santa Clara.
The project is serviced by City water and sewer. All residents own their own homes!!! No Park owned homes! Residents pay all utilities. Room to expand another 11 units!
Great cash flow!! 95% occupancy!!! 14% cap rate!!!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 52 |
| Total Occupancy: | 95.0 % |
| Year Built: | 2006 |
| Average MH Lot Rent: | $300 |
| Size: | 12 acre(s) |
Financial Information (Actual)
| Gross Income: | $175,000 |
| Operating Expense: | $49,810 |
| Net Operating Income: | $125,490 |
| Expense Ratio: | 28.5 % |
Lot Information
| Singlewide Lots: | 52 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |