Photo of Mobile Home Park
Photo of Mobile Home Park
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, Seller Financing
- Cap Rate: 11.0%
- Listing ID: 393665
- Posted On: Aug 13, 2013
- Updated On: May 6, 2014
Description
46 space mobile home community with 22 homes being park owned. Located on almost 6.5 acres. Storage lot/facility on site. Paved streets, fenced yards, city utilities, and a well for irrigation. 13 vacant lots for upside potential!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 46 |
| Total Occupancy: | 74.0 % |
| Year Built: | 1962 |
| Average MH Lot Rent: | $145 |
| Size: | 6 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $139,380 |
| Operating Expense: | $63,256 |
| Net Operating Income: | $76,124 |
| Expense Ratio: | 45.4 % |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 22 |
| Average Rent for Park-owned Homes: | $460 |