Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 427367
- Posted On: Sep 5, 2014
- Updated On: Mar 17, 2015
Description
Great investment income property in stable community. This 34 unit park on 4.53 acres is located in a working class neighborhood convenient to the local down town and highway. The community has a total of 32 homes currently on site, of which 17 are park owned homes
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 34 |
| Total Occupancy: | 55.8 % |
| Average MH Lot Rent: | $125 |
| Size: | 5 acre(s) |
Financial Information
| Gross Income: | $36,600 |
| Operating Expense: | $23,700 |
| Net Operating Income: | $12,900 |
| Expense Ratio: | 64.8 % |
Lot Information
| Singlewide Lots: | 34 |
Park-Owned Homes
| Number of Park-owned Homes: | 17 |
| Average Rent for Park-owned Homes: | $360 |
