Photo of Mobile Home Park
Photo of Mobile Home Park
adjacent 5.4acres
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 11.5%
- Listing ID: 614589
- Posted On: Dec 29, 2015
- Updated On: Sep 9, 2016
Description
25 space park includes 24 sw coaches plus 1bm house/office
Location
East lincolnway hwy 30 to Whitney south to Laramie st. Just outside city limits
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 25 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1950 |
| Average MH Lot Rent: | $600 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $170,623 |
| Operating Expense: | $72,866 |
| Net Operating Income: | $97,757 |
| Expense Ratio: | 42.7 % |
| Debt Info: | $600000 seller will carry 70% |
Lot Information
| Singlewide Lots: | 25 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $350 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 25 |
| Average Rent for Park-owned Homes: | $600 |