Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0%
- Listing ID: 482885
- Posted On: Nov 10, 2014
- Updated On: Mar 21, 2022
Description
********** O W N E R F I N A N C I N G ********** 83 L O T S
WIN WIN WIN POTENTIAL POTENTIAL POTENTIAL
Wonderful mh/rv park that needs some love. Makes $ now, but wow, oh wow can it make a whole lot more! Frontage on busy hwy167N.
83 lots 50 MH lots 33rv lots 24 Storage lots 20 undeveloped lots
Amenities
- Laundromat
- Storage
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Park Information
Community Type: | All Age |
Number of MH Lots: | 50 |
Total Occupancy: | 40.0 % |
Year Built: | 2000 |
Average MH Lot Rent: | $105 |
Size: | 30 acre(s) |
Financial Information (Actual)
Gross Income: | $68 |
Operating Expense: | $36 |
Net Operating Income: | $32 |
Expense Ratio: | 52.9 % |
Lot Information
Doublewide Lots: | 50 |
RV Information
Number of RV Lots: | 33 |
Average RV Lot Rent: | $325 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 9 |
Average Rent for Park-owned Homes: | $350 |