Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 9.0%
- Listing ID: 574261
- Posted On: Oct 20, 2015
- Updated On: Apr 25, 2016
Description
42 sites (16 occ.) includes 6 RV lots
City water and sewer (billed direct to tenants)
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 40.0 % |
| Average MH Lot Rent: | $295 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $52 |
| Operating Expense: | $16 |
| Net Operating Income: | $36 |
| Expense Ratio: | 30.8 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 36 |
RV Information
| Number of RV Lots: | 6 |
| Average RV Lot Rent: | $400 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $420 |
