Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 12.0%
- Listing ID: 675201
- Posted On: Jun 8, 2016
- Updated On: Jul 12, 2016
Description
43 lots on approx. 7 acres
For info and showings contact: Joe Lamonica at 330-575-3606 or gojets1961@gmail.com
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 43 |
| Total Occupancy: | 70.0 % |
| Average MH Lot Rent: | $318 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $96,000 |
| Operating Expense: | $41,000 |
| Net Operating Income: | $55,000 |
| Expense Ratio: | 42.7 % |
Lot Information
| Singlewide Lots: | 43 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $450 |