Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 8.0%
- Listing ID: 457497
- Posted On: Jul 3, 2014
- Updated On: Oct 8, 2014
Description
Premium mobile home park offered by owners. Pride of ownership shows for this 12 space senior (over 55) park on 2 acres. All spaces have uniform carports with storage.
Space rent is $280/mo and there have been no vacancies for over 20 years !!
Newer paving, very low maintenance, lots of evergreen trees, all fenced, irrigation system, super clean and neat.
Located in Klamaths' nice and quiet suburban area.
Owner pays the water, garbage, property taxes and sewer expenses. Total expenses average 20% of gross income.
This park has been family owned and managed for 35 years.
All tenants have signed rental agreements and park rules.
Owners are looking to finance acceptable buyer and all terms are negotiable. Cash offers also considered.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | 55 And Over |
Number of MH Lots: | 12 |
Total Occupancy: | 100.0 % |
Year Built: | 1967 |
Average MH Lot Rent: | $280 |
Size: | 2 acre(s) |
Financial Information (Actual)
Gross Income: | $40,320 |
Operating Expense: | $10,925 |
Net Operating Income: | $29,395 |
Expense Ratio: | 27.1 % |
Debt Info: | none |
Lot Information
Singlewide Lots: | 5 |
Doublewide Lots: | 7 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
RV Information
Number of RV Lots: | 0 |
Average RV Lot Rent: | $0 |
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 |