Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 13.0%
- Listing ID: 572854
- Posted On: Oct 5, 2015
- Updated On: Jan 10, 2016
Description
One single family two bedroom home, 960 sq.ft., eight coin operated washer and dryers, two septic fields, 5500 and 1000 gallon, Site 2.72 acres, same owner for thirty years. The Park was recently passed necessary State Inspection and
septic systems inspected by Highland Treatment Inc. Land Contract terms;
twenty-five percent down, five year payoff, amortized for twenty years.
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $349 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $83,000 |
| Operating Expense: | $19 |
| Net Operating Income: | $64,000 |
| Expense Ratio: | 0.0 % |
Lot Information
| Singlewide Lots: | 22 |
RV Information
| Number of RV Lots: | 22 |
| Average RV Lot Rent: | $349 |
Utility Information
| Water: | City |
| Sewer: | Septic |