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: Cash, New Loan
- Cap Rate: 19.6%
- Listing ID: 425631
- Posted On: Feb 20, 2014
- Updated On: Jul 9, 2014
Description
6 +- acre, 11 space park with 3 park owned homes. Recently redone septic with overflow. County water. One parked owned home in need of minor rehab, will easily rent for $500.00. Plenty of room to add more lots. 6 miles from downtown. Doublewide currently rented for $725.00, singlewide $400.00 per month. $125.00 lot rent. 3 empty lots.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 11 |
| Total Occupancy: | 70.0 % |
| Average MH Lot Rent: | $125 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $19,500 |
| Operating Expense: | $4,800 |
| Net Operating Income: | $14,700 |
| Expense Ratio: | 24.6 % |
Lot Information
| Singlewide Lots: | 9 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $550 |