Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.0%
- Listing ID: 522838
- Posted On: May 19, 2015
- Updated On: Aug 24, 2015
Description
Fern View is a 26 space family mobile home park located 15 minutes from Longview, Washington, 1 hr. from Portland. Located on quiet Fern Hill Road, Fern View offers a bucolic lifestyle and easy commuting distance to Longview, Kelso, and Portland. Park is on well and septic systems.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Total Occupancy: | 96.0 % |
| Year Built: | 1966 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $144,026 |
| Operating Expense: | $19,028 |
| Net Operating Income: | $124,998 |
| Expense Ratio: | 13.2 % |
Lot Information
| Singlewide Lots: | 16 |
| Doublewide Lots: | 9 |
Utility Information
| Water: | Well |
| Sewer: | Septic |