Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 520304
- Posted On: May 5, 2015
- Updated On: Jan 24, 2016
Description
PRICE JUST REDUCED. Rents 23% Below Market. Proforma Cap Rate 14.4% At Market Rents. 9 Individually Platted Lots, 1 Vacant Lot, 3 Lot Rents, 5 Park Owned Homes. Almost 6 Acres, City Water Available, Owner Ready To Retire. Incredibly Tight Rental Market, Within 5 Minutes of 2 Major Thoroughfares. Area Unemployment Rate 5.9%
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 88.0 % |
| Average MH Lot Rent: | $200 |
| Size: | 6 acre(s) |
Lot Information
| Singlewide Lots: | 9 |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $433 |
