Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 7.5%
- Listing ID: 694949
- Posted On: Aug 8, 2016
- Updated On: Nov 30, 2016
Description
37 Unit MHP with a 40X60 Commercial butler building on site and rented. Located on Route 20 in Auburn Mass. Conveniently located near shopping but secluded. Occupancy has been in the 95% range in the last 5 years.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 37 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $387 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $183 |
| Operating Expense: | $70 |
| Net Operating Income: | $112 |
| Expense Ratio: | 38.3 % |
Lot Information
| Singlewide Lots: | 35 |
| Doublewide Lots: | 2 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
