Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.5%
- Listing ID: 5347745
- Posted On: Apr 22, 2024
- Updated On: Jul 29, 2024
Description
20 Pads, 18 Occupied, 10 TOH and 8 RTO
Lot Rent $375
Location
501 32nd St, Parkersburg, WV 26101
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $375 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $103,800 |
| Operating Expense: | $8,500 |
| Net Operating Income: | $95,300 |
| Expense Ratio: | 8.2 % |
Lot Information
| Singlewide Lots: | 20 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Average RV Lot Rent: | $375 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $650 |