Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 16.0%
- Listing ID: 5484707
- Posted On: Apr 29, 2024
- Updated On: Aug 13, 2024
Description
This property consists of 22 park owned units which are either currently rented or under contract as rent to own,16 additional lots are rented, and another 26 vacant lots are ready to rent. One lot is being utilized as a park office. Financial reports are available upon request.
Location
Located off of Bryant St in Pine Bluff and the park is located within the White Hall School District.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 65 |
| Total Occupancy: | 54.0 % |
| Year Built: | 1987 |
| Average MH Lot Rent: | $200 |
| Size: | 17 acre(s) |
Financial Information (Actual)
| Gross Income: | $231,694 |
| Operating Expense: | $55,183 |
| Net Operating Income: | $176,510 |
| Expense Ratio: | 23.8 % |
| Debt Info: | N/A |
Lot Information
| Singlewide Lots: | 65 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 22 |
| Average Rent for Park-owned Homes: | $850 |
