Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 11.1%
- Listing ID: 393462
- Posted On: Feb 12, 2014
- Updated On: Feb 17, 2015
Description
20 UNIT PARK, 14 PARKED OWNED, 6 LOT RENTAL, PAVED ROADS AND STREET LIGHTS, SEPTIC SYSTEMS FOR EACH UNIT, EACH UNIT WITH WATER METER. PARK IS 100% OCCUPIED YEAR AROUND, RENTS OUT VERY WELL DUE LOCATION AND NICE COUNTRY SETTING.SELLER FINANCING CONSISTS OF SECOND MORTGAGE ONLY.
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Park Information
| Number of MH Lots: | 20 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1992 |
| Average MH Lot Rent: | $0 |
| Size: | 0 acre(s) |
Financial Information
| Gross Income: | $87,396 |
| Operating Expense: | $12,396 |
| Net Operating Income: | $75,000 |
| Expense Ratio: | 14.2 % |
Lot Information
| Singlewide Lots: | 19 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $450 |