Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 7.6%
- Listing ID: 507787
- Posted On: Feb 6, 2015
- Updated On: Aug 11, 2015
Description
92 Mobile Home spaces. 30 RV spaces. High occupancy, low turnover. In place professional management offering a turnkey investment opportunity.
Amenities
- Laundromat
- Storage
- Handicap Accessible
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 92 |
| Total Occupancy: | 98.0 % |
| Year Built: | 1952 |
| Average MH Lot Rent: | $392 |
| Size: | 11 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $570 |
| Operating Expense: | $314 |
| Net Operating Income: | $256 |
| Expense Ratio: | 55.1 % |
Lot Information
| Singlewide Lots: | 76 |
| Doublewide Lots: | 14 |
RV Information
| Number of RV Lots: | 30 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
