Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 69115
- Posted On: May 1, 2011
- Updated On: Sep 18, 2013
Description
20 spaces on 6 acres, city water & sewer, underground utilities have been installed for 28 more spaces, park has concrete drive, concrete runners and 20 X 30 concrete parking space at each space. All spaces are 46 wide by 95 long, with 200 amp electric service. (Water, sewer, and garbage are paid by tenants)
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 75.0 % |
| Year Built: | 2005 |
| Average MH Lot Rent: | $175 |
| Size: | 6 acre(s) |
Financial Information
| Gross Income: | $42,000 |
| Operating Expense: | $2,100 |
| Net Operating Income: | $39,600 |
| Expense Ratio: | 5.0 % |
Lot Information
| Singlewide Lots: | 20 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
