Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 14.0%
- Listing ID: 399025
- Posted On: Sep 3, 2013
- Updated On: Aug 25, 2014
Description
46 spaces, 20 occupied, city water and sewer, residents pay. Approx. 20 acres total, approx. 15' x 25' shop building, gravel streets. Needs some work, but has good opportunity. Priced for quick sale!!!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 46 |
| Year Built: | 70 |
| Average MH Lot Rent: | $245 |
| Size: | 20 acre(s) |
Financial Information (Actual)
| Gross Income: | $65 |
| Operating Expense: | $23 |
| Net Operating Income: | $41 |
| Expense Ratio: | 35.4 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |