Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 3.7%
- Listing ID: 4287927
- Posted On: Jan 17, 2024
- Updated On: May 17, 2024
Description
Southwestern Vermont mobile home park was established in the late 1960s on 70 acres served by a private water system and municipal sewer. Besides the park, the sale also includes a 5 parcel single-family home subdivision on which there are presently two rented homes.
The state of Vermont has awarded a grant of $1.2M to upgrade the water system and there is additionally a state grant program of up to $20K per site for improvements/repairs to the site and or the mobile homes.
Location
Quiet and peaceful country setting equidistant between Bennington, VT and Williamstown, MA. This offering lies on both sides of the town-maintained secondary road, just 100 yards off US Rte. 7
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 64 |
| Total Occupancy: | 60.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $285 |
| Size: | 70 acre(s) |
Financial Information (Actual)
| Gross Income: | $171,000 |
| Operating Expense: | $115,000 |
| Net Operating Income: | $56,000 |
| Expense Ratio: | 67.3 % |
| Debt Info: | No existing debt |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
