Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 18.0%
- Listing ID: 417260
- Posted On: Dec 4, 2013
- Updated On: Jul 1, 2014
Description
HUGE PRICE REDUCTION! EXCELLENT ROI!!
Great investment income property. 2.78 acre rural mobile home park includes 9 mobile homes and 12 rentable lot spaces. Recent upgrades to utilities and low vacancy rates. Zoned Residential Mobile Home, park has exceptional capitalization rate for owner/landlord. Financials and extensive details on all personal property available to serious inquirers.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 92.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $175 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $52,200 |
| Operating Expense: | $20,107 |
| Net Operating Income: | $32,092 |
| Expense Ratio: | 38.5 % |
Lot Information
| Singlewide Lots: | 12 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $300 |