Typical Covered Parking
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.0%
- Listing ID: 475322
- Posted On: Oct 6, 2014
- Updated On: Jul 16, 2017
Description
Excellent cash flow opportunity. Homes occupy every space in this park. Excellent overall income and solid, consistent cash flow. Rentals in need of price increase. Recent management change.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 88.0 % |
| Average MH Lot Rent: | $200 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $130,000 |
| Operating Expense: | $50,000 |
| Net Operating Income: | $80,000 |
| Expense Ratio: | 38.5 % |
Lot Information
| Singlewide Lots: | 33 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 29 |
| Average Rent for Park-owned Homes: | $425 |