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: Seller Financing
- Cap Rate: 13.0%
- Listing ID: 581141
- Posted On: Nov 27, 2015
- Updated On: Aug 8, 2016
Description
Older Mobile Home Park in good location of Davenport. 1 mile from Walmart/Starbucks/Applebees. City Water, PV sewer. Smaller lots yet all homes stay full when occupying a lot. Onsite Manager there. 10 apartment units in addition to the 35 mobile home lots. Grosses 10,000 to 12,000 per month.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 45 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1979 |
| Average MH Lot Rent: | $350 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $125 |
| Operating Expense: | $64 |
| Net Operating Income: | $49 |
| Expense Ratio: | 51.2 % |
Lot Information
| Singlewide Lots: | 20 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
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