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
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 16.0%
- Listing ID: 622698
- Posted On: Jan 23, 2016
- Updated On: Aug 22, 2018
Description
South Hiram Mobile Home Community is located at 505 Tripp Town Road in Hiram. The park has 10 existing lots and a duplex that are rented. The park is licensed for 15 pads and there is additional raw land for more pads, that would need Town and State approval. Each lot has a septic and leachfield. Rural setting with mountain views.
Location
Rural, country setting
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 75.0 % |
| Average MH Lot Rent: | $330 |
| Size: | 17 acre(s) |
Financial Information (Actual)
| Gross Income: | $44,800 |
| Operating Expense: | $13,836 |
| Net Operating Income: | $30,963 |
| Expense Ratio: | 30.9 % |
Lot Information
| Singlewide Lots: | 10 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
