Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0% (Actual)
- Listing ID: 407704
- Posted On: Oct 7, 2013
- Updated On: Oct 12, 2014
Description
17 Unit Mobile Home Park located in West Virginia but near the Loudoun County Virginia line. Great location for commuters. The Shenandoah River provides great recreational uses also.
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Park Information
| Number of MH Lots: | 17 |
| Total Occupancy: | 92.0 % |
| Average MH Lot Rent: | $425 |
| Size: | 13 acre(s) |
Financial Information (Actual)
| Gross Income: | $86,700 |
| Operating Expense: | $11,028 |
| Net Operating Income: | $75,672 |
| Expense Ratio: | 12.7 % |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
| Average Rent for Park-owned Homes: | $565 |
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