Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Listing ID: 515218
- Posted On: Mar 31, 2015
- Updated On: Jul 10, 2015
Description
Blue collar occupants
Large lots, trees, quiet
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 120 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1978 |
| Average MH Lot Rent: | $150 |
| Size: | 32 acre(s) |
Financial Information (Actual)
| Gross Income: | $69,800 |
| Operating Expense: | $33,200 |
| Net Operating Income: | $36,600 |
| Expense Ratio: | 47.6 % |
| Debt Info: | need new loan to purchase, possibly small second WAC |
Lot Information
| Singlewide Lots: | 60 |
| Doublewide Lots: | 12 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 5 |
| Average RV Lot Rent: | $400 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $300 |