Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 476319
- Posted On: Oct 10, 2014
- Updated On: Oct 25, 2015
Description
Mobile home park for sale in Newport, Wa. There is a total of 36 spaces. Each space rents for $165/month. 21 of the singlewides are company owned. City sewer & water. 11% CAP rate.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 36 |
| Total Occupancy: | 100.0 % |
| Year Built: | 9999 |
| Average MH Lot Rent: | $165 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $128,825 |
| Operating Expense: | $61,151 |
| Net Operating Income: | $67,674 |
| Expense Ratio: | 47.5 % |
| Debt Info: | F/C |
Lot Information
| Singlewide Lots: | 32 |
| Doublewide Lots: | 4 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |