Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.3%
- Listing ID: 514409
- Posted On: Mar 25, 2015
- Updated On: Jun 10, 2015
Description
57 Lot Mobile Home Park. 40 occupied spaces. 12 self storage units,
(33 lot rent only, 1 house rental, 6 RTO)
Home of the popular Lake Mac. Large agricultural community, employment from several major companies in town and surrounding towns. Off of I-80 - connecting Omaha to Denver . Several national chains including Walmart, Ace, Dollar Tree have opened recently. Major fast food chains established.
Shortage of affordable housing in the area. Upside opportunity in filling vacant lots and submetering water. Park is on city utilities.
Location
Western Nebraska. 3 hrs from Denver and Cheyenne. 8 miles south of Lake Mac.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 57 |
| Total Occupancy: | 70.0 % |
| Average MH Lot Rent: | $200 |
| Size: | 11 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $129,141 |
| Operating Expense: | $64,660 |
| Net Operating Income: | $64,481 |
| Expense Ratio: | 50.1 % |
Lot Information
| Singlewide Lots: | 53 |
| Doublewide Lots: | 4 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $485 |