Mobile Home Park Details
- Cap Rate: 9.5%
- Listing ID: 645539
- Posted On: Mar 16, 2016
- Updated On: Jun 29, 2016
Description
Shakopee is a desirable town of 37,150 inside the St. Paul/Bloomington metro of 3,290,811. It has incredibly high median single-family home prices of $200,100, fueled by an impressive 3.9 percent unemployment rate vs. the U.S. average of 6.3 percent. This park has recently undergone some finishing renovations, such as tree trimming and a new playground installed.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 63 |
Total Occupancy: | 98.0 % |
Year Built: | 1970 |
Average MH Lot Rent: | $490 |
Size: | 4 acre(s) |
Financial Information
Gross Income: | $397,393 |
Operating Expense: | $129,329 |
Net Operating Income: | $262,184 |
Expense Ratio: | 32.5 % |
Lot Information
Singlewide Lots: | 63 |
Utility Information
Water: | Well |
Sewer: | Septic |