Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 17.8%
- Listing ID: 69444
- Posted On: May 13, 2011
- Updated On: May 13, 2011
Description
Nice cash cow. This park has very nice trailers. Great city . Water is city some metered some not. Trash is some from city and some park dumpster.
100% occupied with a GREAT manager. All monies are deposited no individual touches the Money.
No guarantee from park owner on a/c stoves fridge or dishwashers. They are great now but if they go bad they must buy one and take it if they leave.
This cuts repairs way down. The rents are comparable to area and many are on Hud
All rents due on 1st
Roads are gravel and in great shape. Many are long term renters and care for their homes.
No pit bulls or big dogs aloud
15 single wide homes
1 doublewide house
1-3 bedroom house
Location
Truman Street Salem Mo.
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Financial Information (Actual)
Gross Income: | $6 |
Operating Expense: | $1 |
Net Operating Income: | $61 |
Expense Ratio: | 16.7 % |