Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 12.0%
- Listing ID: 417864
- Posted On: Dec 10, 2013
- Updated On: Oct 24, 2014
Description
Pequot Terrace is a 38 site mobile home park located in Pequot Lakes in central Minnesota, that sold in July, 2014.
Location
Pequot Lakes in a town of 2,162 located in Crow Wing county in central Minnesota.
Pequot Lakes is part of the Brainerd, MN MSA.
Largest employers are Essentia Health, Cuyuna Regional Medical Center, and the Brainerd School District.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 38 |
| Total Occupancy: | 60.0 % |
| Year Built: | 2005 |
| Average MH Lot Rent: | $230 |
| Size: | 11 acre(s) |
Financial Information
| Gross Income: | $105,540 |
| Operating Expense: | $41,535 |
| Net Operating Income: | $64,783 |
| Expense Ratio: | 39.4 % |