Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 9.6%
- Listing ID: 576745
- Posted On: Oct 30, 2015
- Updated On: Aug 22, 2016
Description
Just Reduced! Great investment opportunity. This park is priced on a 11.2 Cap of the current NOI.
● Total Acres: 5
● Developed Sites: 53 developed sites (47 occupied)
● Site Rent: $325 (includes water, sewer, & trash)
● Rental Homes: 45 Total/ 40 occupied @ $550
● Gross Monthly Rent: $22,000
● Water/ Sewer: Well Water, Municipal
● Trash: Container
● Grass: Landlord
● Family community
● Paved roads
● On and off street parking
● Good location
● All tenants have successfully passed a background check
Email MHPRVFORSALE@GMAIL.COM for more info.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 53 |
Total Occupancy: | 95.0 % |
Average MH Lot Rent: | $325 |
Size: | 5 acre(s) |
Utility Information
Water: | Well |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 45 |
Average Rent for Park-owned Homes: | $325 |