Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 9.0%
- Listing ID: 555666
- Posted On: Aug 26, 2015
- Updated On: Feb 26, 2016
Description
Located near Hwy #372. Senior RV/Mobilehome Park. "Permanent" month to month tenants. Manger/Maintenance on site. One Park owned Mobilehome, one tenant owed Mobilehome, 49 RV spaces. One 2 bedroom apartment, laundry, rec room, restrooms. This property is well maintained and quiet. Main building, new roof. GOOD UPSIDE is filling empty spaces & rent increase. Bank note is assumable due in 2035. Seller motivated to sell due to illness.
Amenities
- Laundromat
- Club House
- Handicap Accessible
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Financial Information (Actual)
| Gross Income: | $200 |
| Operating Expense: | $88 |
| Net Operating Income: | $113 |
| Expense Ratio: | 44.0 % |
| Debt Info: | Assumable bank loan |
Lot Information
| Doublewide Lots: | 2 |
RV Information
| Number of RV Lots: | 49 |
| Average RV Lot Rent: | $280 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $575 |