Contact Information

JOSEPH ONWUTEAKA

Mobile Home Park Details

  • Price: $1,800,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 7.0%
  • Listing ID: 4285448
  • Posted On: Jan 16, 2024
  • Updated On: Jun 25, 2024

Description

21 LOTS + 4 HOUSES + 3 UNDEVELOPED LOTS

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Park Information

Number of MH Lots: 21
Total Occupancy: 100.0 %
Average MH Lot Rent: $485
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $171,600
Operating Expense: $55,940
Net Operating Income: $115,660
Expense Ratio: 32.6 %

Lot Information

Park Model Lots: 21

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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