Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.0%
- Listing ID: 681672
- Posted On: Jun 26, 2016
- Updated On: Jun 8, 2017
Description
19 Space, lot rent only, mobile home park located in the heart of Spartanburg County, SC. Zero park owned homes. 18 spaces occupied @ $230 monthly. Metered city water and sewer. Low taxes and very low fixed expenses (lawn and trash only). Good location -- only 3 miles from a Super Wal-mart. Call or text. 8645806150.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $230 |
| Size: | 2 acre(s) |
Financial Information
| Gross Income: | $48,300 |
| Operating Expense: | $3,840 |
| Net Operating Income: | $44,460 |
| Expense Ratio: | 8.0 % |
Lot Information
| Singlewide Lots: | 19 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $230 |
