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Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0%
- Listing ID: 461861
- Posted On: Aug 8, 2014
- Updated On: Dec 9, 2014
Description
Two mobile home parks renting pads totaling 41 sites on a total of 14.2 acres. All front upon Route 301, a four lane arterial highway. The two parks are within five miles of each other. Both are on well and septic. 2013 gross cash flow as $132,573. Located near Dahlgren Naval Weapons Laboratory, and shopping and commercial.
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Park Information
| Number of MH Lots: | 41 |
| Total Occupancy: | 90.0 % |
| Average MH Lot Rent: | $275 |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $132 |
| Operating Expense: | $42 |
| Net Operating Income: | $90 |
| Expense Ratio: | 31.8 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |