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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.2%
  • Listing ID: 465922
  • Posted On: Aug 19, 2014
  • Updated On: Oct 2, 2014

Description

33 lots, including 2 mobile homes. One is 14'x60' built in 1996. one is 14'x56' built in 2006. Getting $1,090/month rental income from each home. Close to Nashua, Hudson and Londonderry. Nice quiet mobile home park. Steady tenants. Town water and septic. Low maintenance.

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Park Information

Community Type: All Age
Number of MH Lots: 33
Total Occupancy: 100.0 %
Year Built: 1965
Average MH Lot Rent: $430
Size: 6 acre(s)

Financial Information (Actual)

Gross Income: $180,744
Operating Expense: $44,572
Net Operating Income: $136,172
Expense Ratio: 24.7 %
Debt Info: 08/19/2014

Lot Information

Singlewide Lots: 33

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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