Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 5.3%
- Listing ID: 522836
- Posted On: May 19, 2015
- Updated On: Oct 5, 2015
Description
26 site mobile home park, 24 of the lots have homes on them that are park owned.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 28 |
| Total Occupancy: | 73.0 % |
| Average MH Lot Rent: | $343 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $55,730 |
| Operating Expense: | $42,327 |
| Net Operating Income: | $13,403 |
| Expense Ratio: | 76.0 % |
Lot Information
| Singlewide Lots: | 28 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 26 |
| Average Rent for Park-owned Homes: | $343 |