Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.0%
- Listing ID: 394202
- Posted On: Aug 15, 2013
- Updated On: Jan 8, 2014
Description
51 LOT MOBILE PARK ON NORTH SIDE OF PONTIAC, IL AND A 20 LOT PARK ON THE EAST SIDE OF PONTIAC. ALL GOES TOGETHER BOTH PARKS. APPRAISE VALUE $780,000 BUT ASKING $680,000.
Amenities
- Laundromat
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 61 |
| Total Occupancy: | 87.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 5 acre(s) |
Financial Information
| Gross Income: | $251 |
| Operating Expense: | $111 |
| Net Operating Income: | $140 |
| Expense Ratio: | 44.2 % |
Lot Information
| Singlewide Lots: | 60 |
| Doublewide Lots: | 11 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
