Photo of Multi Family Housing
Western Manor MHP
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.4%
- Listing ID: 460923
- Posted On: Jul 31, 2014
- Updated On: Oct 10, 2014
Description
25 Space Very clean MHP with metered water billed directly to tenants from city, each space is very large with it's own septic system. This won't last long. Desirable area and tenants move their own homes into the park... Rents are low for the area. 7.37CAP on Current and accurate numbers.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 25 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1972 |
| Average MH Lot Rent: | $350 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $105 |
| Operating Expense: | $23 |
| Net Operating Income: | $81 |
| Expense Ratio: | 21.9 % |
| Debt Info: | New financing needed |
Lot Information
| Doublewide Lots: | 25 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |