Haynes Court
Haynes Court
Haynes Court

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Listing ID: 512474
  • Posted On: Mar 8, 2015
  • Updated On: Jun 18, 2016

Description

Two lots ready to be occupied either by new owner or rent lots at $275.00 each. 3 lots have park owned mobiles on them renting for $650, $600, $675 each with tenant paying all utilities. All units have been upgraded with new flooring and appliances, as well as new countertops and sinks.

Lot Information: All Lots will support up to a doublewide unit.

Seller to complete a 1031 Exchange upon completion of sale.

Location

Park is located 1 mile north of Shepherd, MT.

Approximately 11 miles for Wal-Mart in Billings Heights.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 5
Total Occupancy: 60.0 %
Year Built: 1991
Average MH Lot Rent: $275
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $29,700
Operating Expense: $8,000
Net Operating Income: $21,700
Expense Ratio: 26.9 %
Debt Info: No Current Loan

Lot Information

Doublewide Lots: 5

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $650