Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 8.0%
- Listing ID: 582444
- Posted On: Dec 3, 2015
- Updated On: Apr 22, 2016
Description
This park has undergone a complete restoration after years of poor management by the prior owner, and is ready for a new owner to take it to the next level. The town has a population of 5,330 and has an unemployment rate of only 4.8 pecent vs. the U.S. average of 6.3 percent. The median home price is a healthy $87,700.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 87 |
Total Occupancy: | 65.0 % |
Average MH Lot Rent: | $295 |
Size: | 17 acre(s) |
Financial Information
Gross Income: | $265,187 |
Operating Expense: | $173,509 |
Net Operating Income: | $91,938 |
Expense Ratio: | 65.4 % |
Utility Information
Water: | City |
Sewer: | City |