Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 12.0%
- Listing ID: 516099
- Posted On: Apr 6, 2015
- Updated On: Jul 5, 2015
Description
38 Mobile Home Spaces. One House
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 38 |
| Total Occupancy: | 82.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $300 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $119 |
| Operating Expense: | $47 |
| Net Operating Income: | $72 |
| Expense Ratio: | 39.5 % |
| Debt Info: | $215,000 assumable |
Lot Information
| Singlewide Lots: | 35 |
| Doublewide Lots: | 3 |
| Triplewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $500 |