Contact Information
Craig Henninger
Mobile Home Park Details
- Price: $1,345,000
- Purchase Method: Cash, New Loan
- Cap Rate: 9.1%
- Listing ID: 6700261
- Posted On: Aug 20, 2024
- Updated On: Aug 27, 2024
Description
29-space manufactured housing community, within the Rockford Metropolitan Area. Provides easy access to Route 20 with plenty of outdoor amenities near by including, forests, oxbow pond marshes, and a river with good fishing spots.
Rockford has a concentration of numerous restaurants, local businesses, storefronts, galleries, museums, and recreational parks including the new HardRock Casino.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 29 |
| Total Occupancy: | 83.0 % |
| Average MH Lot Rent: | $360 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $167,939 |
| Operating Expense: | $46,576 |
| Net Operating Income: | $121,363 |
| Expense Ratio: | 27.7 % |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $895 |
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