Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 5809190
- Posted On: May 20, 2024
- Updated On: Jun 13, 2024
Description
VERY NEW BUILT 2012
VERY NEW RENTAL MOBILE HOMES
VERY UNUSUAL TO BE SO NEW
60 Total Lots
60 POH Rental Mobile Homes
Approximately 9 Acres
Location
BATESVILLE RATED #1 CITY TO LIVE
Great location in Southside school district
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 60 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2012 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $412,000 |
| Operating Expense: | $100,000 |
| Net Operating Income: | $312,000 |
| Expense Ratio: | 24.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 60 |
| Average Rent for Park-owned Homes: | $575 |