Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.1%
- Listing ID: 579763
- Posted On: Nov 20, 2015
- Updated On: Oct 9, 2017
Description
TRUE 10 Cap!
45-site park on 22.6 acres. City water and individual septics. Just off major recreational reservoir. Infrastructure is in exceptional conditional, as are any park-owned homes. Solid and stable, this park is full and stays full. Long-tenured management would stay in place if asked. This is a pretty, well-managed property you would be proud to own.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 45 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1988 |
| Average MH Lot Rent: | $350 |
| Size: | 23 acre(s) |
Financial Information (Actual)
| Gross Income: | $286 |
| Operating Expense: | $64 |
| Net Operating Income: | $222 |
| Expense Ratio: | 22.4 % |
Lot Information
| Doublewide Lots: | 45 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $450 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 22 |
| Average Rent for Park-owned Homes: | $317 |
