Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.0%
- Listing ID: 781301
- Posted On: Jan 29, 2017
- Updated On: Jan 2, 2018
Description
The Evergreen MHP consists of 82 existing pads, 10 owned homes, 23 Financed Homes situated on 61 acres. The park has city water and city sewer, and is paid by the tenants. There are 9 vacant pads that could be rented for potential future revenue. Total Income is $315,505.20 and the Total Expenses are $78302.23. A park that is very rare because the Town of Clinton bills the tenants. “EXCELLENT OPPORTUNITY”
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 82 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $250 |
| Size: | 61 acre(s) |
Financial Information (Actual)
| Gross Income: | $315,505 |
| Operating Expense: | $78,302 |
| Net Operating Income: | $237,202 |
| Expense Ratio: | 24.8 % |
Lot Information
| Singlewide Lots: | 82 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $600 |
