Jacks MHP
Thompsons MHP
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 430560
- Posted On: Mar 31, 2014
- Updated On: Jul 29, 2015
Description
100% Space rent only communities in the Gulf Shores Area of Alabama. 3 properties are within 15 minutes of one another and are managed from one location. All are completed rebuilt including water, sewer and new paved streets. Easy to manage from anywhere.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 251 |
| Total Occupancy: | 82.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $280 |
| Size: | 50 acre(s) |
Financial Information (Actual)
| Gross Income: | $703 |
| Operating Expense: | $232 |
| Net Operating Income: | $471 |
| Expense Ratio: | 33.0 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 201 |
| Doublewide Lots: | 50 |
| Triplewide Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |