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Howard Lake Mobile Home Park 924 11 Ave, Howard Lake, MN 55349

Off Market   Price Reduced  

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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 13.0% (Pro Forma)
  • Listing ID: 412779
  • Posted On: Oct 30, 2013
  • Updated On: Apr 6, 2017

Description

There is huge potential for this mobile home park for improvements and increase income potential. Well established park. Half hour away from Minneapolis St.Paul.

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Park Information

Community Type: All Age
Number of MH Lots: 105
Total Occupancy: 38.0 %
Average MH Lot Rent: $300
Size: 26 acre(s)

Financial Information (Pro Forma)

Gross Income: $213
Operating Expense: $107,400
Net Operating Income: $106
Expense Ratio: 50422.5 %

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City