Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 544935
- Posted On: Jul 1, 2015
- Updated On: Nov 15, 2015
Description
9 Park owned homes all 14-16 wide one 1989 seven mid 90s one 2000 all in good condition and currently rented. Rents are well under market I have owned the
park for 9 years and have never raised the rents. The two 2/2 $300 mo. the three 3/2 and four 4/2 $350 mo. City water and sewer billed to tenants. city maintained streets no pool no play grounds no parking lots to maintain .The total tax for the
land and 9 homes about $2k and mowing the 3 vacant lots $200 pr year. There are no utility bills to the park and even the drainage ditches are city maintained.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $150 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $36,000 |
| Operating Expense: | $2,200 |
| Net Operating Income: | $33,800 |
| Expense Ratio: | 6.1 % |
| Debt Info: | 0 |
Lot Information
| Singlewide Lots: | 12 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $339 |