Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 12.0%
- Listing ID: 574609
- Posted On: Oct 21, 2015
- Updated On: Dec 27, 2017
Description
Fully Occupied park with long term tenants. Excellent controls on water usage and carefully maintained with an onsite manager. Located in a quiet and safe neighborhood with easy access to shopping and public transportation.
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1950 |
| Average MH Lot Rent: | $382 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $87,100 |
| Operating Expense: | $33,331 |
| Net Operating Income: | $53,769 |
| Expense Ratio: | 38.3 % |
Lot Information
| Singlewide Lots: | 19 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 19 |
| Average Rent for Park-owned Homes: | $382 |