Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

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.

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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

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