Mobile Home Park Details
- Cap Rate: 9.8%
- Listing ID: 408881
- Posted On: Oct 11, 2013
- Updated On: Dec 18, 2013
Description
Very nice community, currently 48 sites, but platted and approved for 66 sites. City water and sewer, 90% occupancy and a great location. Perfect opportunity to buy a property with current cash flow and the opportunity to add value by completing the other 18 sites.
Principals Only Please.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 48 |
| Total Occupancy: | 90.0 % |
| Average MH Lot Rent: | $250 |
| Size: | 16 acre(s) |
Financial Information (Actual)
| Gross Income: | $175,072 |
| Operating Expense: | $70,953 |
| Net Operating Income: | $104,119 |
| Expense Ratio: | 40.5 % |
Utility Information
| Water: | City |
| Sewer: | City |
