rear of new apartments
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 10.5%
- Listing ID: 429971
- Posted On: Mar 26, 2014
- Updated On: Dec 31, 2014
Description
30 unit Apartment and mobile home community has been impeccably maintained with a total of 12 apartments 13 park owned mobile homes and 5 lot rentals. This park boasts an impressive cash flow and has been operating at 100% occupancy for years. All units are serviced with municipal water & sewer as well as natural gas. has town approvals to build another 8 unit apartment building with site plans & floor plans. visit www.jeffersonparkcommunity.com for more information.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2007 |
| Average MH Lot Rent: | $775 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $279,960 |
| Operating Expense: | $50,174 |
| Net Operating Income: | $229,786 |
| Expense Ratio: | 17.9 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $775 |
