Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 7.5%
- Listing ID: 4565396
- Posted On: Feb 26, 2024
- Updated On: Nov 5, 2024
Description
5 acre total land Mobile home park. 2.5 acres is developed with 34 total slots. 31 mobile home slots and 3 RV slots. 2.5 acres is available expansion. Park has been recently appraised at selling price.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 34 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $495 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $138,000 |
| Operating Expense: | $25,000 |
| Net Operating Income: | $113,000 |
| Expense Ratio: | 18.1 % |
Lot Information
| Singlewide Lots: | 29 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 34 |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $550 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |
