Contact Information
Mobile Home Park Details
- Price: $3,950,000
- Cap Rate: 14.2%
- Listing ID: 6729632
- Posted On: Sep 16, 2024
- Updated On: Sep 16, 2024
Description
Call 209-996-4075 for more information. 400 space park in Carbondale, IL. Mix of tenant and park owned homes and vacant lots. See Analysis for details. Tremendous upside potential by continuing the current plan that owners are doing by fixing and renting current vacant homes and infilling homes into vacant lots. Call 209-996-4075.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 400 |
| Year Built: | 1969 |
| Average MH Lot Rent: | $195 |
| Size: | 60 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $1,251,329 |
| Operating Expense: | $502,116 |
| Net Operating Income: | $749,213 |
| Expense Ratio: | 40.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 71 |
| Average Rent for Park-owned Homes: | $585 |
