Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.0%
- Listing ID: 478288
- Posted On: Oct 20, 2014
- Updated On: Feb 12, 2016
Description
Best market in the STATE ! 50 lots with Sewage Treatment Plant and Well Water. no municipal utilities close ! But an excellent park with the utilities being professionally operated and in state compliance. 37 park owned homes, park being under utilized by current owners. Needs strong mgt. to handle strong demand !
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 50 |
| Total Occupancy: | 92.0 % |
| Average MH Lot Rent: | $275 |
Financial Information (Actual)
| Net Operating Income: | $110 |
Lot Information
| Singlewide Lots: | 48 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 35 |
| Average Rent for Park-owned Homes: | $480 |
