Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.5%
  • Listing ID: 416289
  • Posted On: Nov 24, 2013
  • Updated On: Nov 29, 2014

Description

Long term family ownership, very well maintained and managed park in small rural community, Close to DIA and I-76 corridor, 8 seller owned units and
3 bdr 2 bath single family home are included,

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Park Information

Community Type: All Age
Number of MH Lots: 41
Total Occupancy: 90.0 %
Year Built: 1950
Average MH Lot Rent: $325
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $206
Operating Expense: $96
Net Operating Income: $112
Expense Ratio: 46.6 %

Lot Information

Singlewide Lots: 37
Doublewide Lots: 4

RV Information

Number of RV Lots: 10
Average RV Lot Rent: $350

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $700

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