Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 10.5%
- Listing ID: 481395
- Posted On: Nov 3, 2014
- Updated On: Apr 7, 2015
Description
Pine Street Mobile Home Park is located in Newton, New Jersey. Newton is the county seat for Sussex County. Pine Street MHP has five park owned units that are well maintained with no know deferred maintenance issues. The tenants are responsible for their own utilities, including trash. The owner pays for city water and sewer (possible upside would be sub-metering). This park is pretty much self sufficient as the maintenance /manager handles any outdoor problems.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 5 |
Total Occupancy: | 100.0 % |
Year Built: | 1970 |
Average MH Lot Rent: | $765 |
Size: | 0 acre(s) |
Financial Information (Actual)
Gross Income: | $51 |
Operating Expense: | $12 |
Net Operating Income: | $39 |
Expense Ratio: | 23.5 % |
Lot Information
Singlewide Lots: | 4 |
Park Model Lots: | 1 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 5 |
Average Rent for Park-owned Homes: | $765 |