Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 4605473
- Posted On: Mar 5, 2024
- Updated On: May 20, 2024
Description
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1992 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $132,960 |
| Operating Expense: | $30,517 |
| Net Operating Income: | $102,443 |
| Expense Ratio: | 23.0 % |
| Debt Info: | No debt on park or homes |
Lot Information
| Singlewide Lots: | 30 |
| Doublewide Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 17 |
| Average Rent for Park-owned Homes: | $650 |
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