Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 11.0%
  • Listing ID: 555466
  • Posted On: Aug 23, 2015
  • Updated On: May 6, 2016

Description

A 4 unit Mobile Home Park with one vacant pad. There are 3 owned homes that are being rented. Perfect small park for a starter investor. Public water and Sewer. Tenants pay their own heat and electricity. Total Income is $20,940.00, and Total Expenses are $7,388.15, and supports a Cap Rate of 11%. There are 2 of the units that should have a rent increase, and if someone added a home to the vacant pad you could increase your income by $10,000.00 per year. Great Investment!

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Park Information

Community Type: All Age
Number of MH Lots: 4
Total Occupancy: 75.0 %
Year Built: 1970
Average MH Lot Rent: $550
Size: 1 acre(s)

Financial Information

Gross Income: $20,940
Operating Expense: $7,388
Net Operating Income: $13,551
Expense Ratio: 35.3 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $550

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