Mobile Home Park Details
- Cap Rate: 8.7%
- Listing ID: 473676
- Posted On: Oct 4, 2014
- Updated On: Apr 23, 2015
Description
Ascentia is pleased to present the manufactured home and RV community in Kemmerer, Wyoming known as Foothills MHC. The offering consists of a 98 MH sites, 66 RV sites and 24 daily use sites. The property is primed for an investor to draw on its considerable upside through occupancy increase on its manufactured home side and increased marketing on its RV portion.
Located in the twin towns of Kemmerer and Diamondville, the area is home to the original J.C. Penney store, a major coal mine operation owned by Chevron and a portion of the Keystone oil and gas pipeline. Kemmerer is the county seat of Lincoln County. The economy is driven by coal, electric generation, and oil and gas production. Major employers include Exxon, Pittsburg and Midway Coal Mining Company and Pacificorp.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 89 |
| Total Occupancy: | 39.0 % |
| Average MH Lot Rent: | $373 |
| Size: | 34 acre(s) |
Financial Information
| Gross Income: | $349,817 |
| Operating Expense: | $184,372 |
| Net Operating Income: | $165,445 |
| Expense Ratio: | 52.7 % |
Lot Information
| Singlewide Lots: | 98 |
RV Information
| Number of RV Lots: | 66 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
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