Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 16.0%
- Listing ID: 637779
- Posted On: Feb 24, 2016
- Updated On: Mar 1, 2017
Description
2 Parks side by side for the price of one. First park consists of 10 single wides and 2 duplexes. Second park has 3 single wides and 1 house. Tenant is responsible for separately metered electric and city water. Total current monthly rent is $4750 per month with room for a $25 to $50 monthly increase per unit. Management is available. Current owner is retiring and will consider financing.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 95.0 % |
| Year Built: | 2003 |
| Average MH Lot Rent: | $264 |
| Size: | 2 acre(s) |
Financial Information
| Gross Income: | $57,000 |
| Operating Expense: | $12 |
| Net Operating Income: | $44 |
| Expense Ratio: | 0.0 % |
| Debt Info: | No debt |
Lot Information
| Singlewide Lots: | 18 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $264 |