Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 11.0%
  • Listing ID: 432821
  • Posted On: Apr 19, 2014
  • Updated On: May 27, 2020

Description

HUGE UP SIDE POTENTIAL IN THIS PARK. SELLING NO BLUE SKY. The park consists of 24 acres total. 10114 spaces various lot sizes. This summary is based on 62-lot rents, 32-mobile home rents. Asphalt roads, city utilities, all utilities sub-metered. This summary and cap rate is based on an the average income & expenses from the actual profit and loss statements provided by seller for the years 2012 through 2015. The up side to be realized would come in the purchasing of additional park owned homes or move-ins from other parks. This method is commonly used in this market area to create up side value. Holts Summit is in Callaway Countythe county's population was 44,332 in 2010. The city population was 3,247 at the 2010 census. Holts Summit is located 7 miles northeast of Jefferson City, Missouri's state capital. It is part of the Jefferson City Metropolitan Area. Please sign and returned attached Confidentiality Agreement for financials.

Amenities

  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 114
Total Occupancy: 54.0 %
Average MH Lot Rent: $250
Size: 24 acre(s)

Financial Information (Pro Forma)

Gross Income: $298,351
Operating Expense: $90,020
Net Operating Income: $201,425
Expense Ratio: 30.2 %

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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