Contact Information
Alexander Bardis
Mobile Home Park Details
- Price: $1,250,000
- Purchase Method: Cash
- Cap Rate: 8.0%
- Listing ID: 4575929
- Posted On: Feb 29, 2024
- Updated On: Feb 29, 2024
Description
27 Unit Cash Cow in South NJ. No rent control. Has Wells and Septics. No owner Financing. Manager in place. Huge upside as their is no rent control which is rare in NEW JERSEY for MHP. Water is sub metered. 100% Economic Occupancy.
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Park Information
| Number of MH Lots: | 27 |
| Total Occupancy: | 96.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $657 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $225,579 |
| Operating Expense: | $126,812 |
| Net Operating Income: | $98,767 |
| Expense Ratio: | 56.2 % |
Lot Information
| Singlewide Lots: | 27 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
