Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Listing ID: 785837
- Posted On: Feb 16, 2017
- Updated On: Feb 21, 2018
Description
A 47 unit mobile home park. No park owned homes.
Selling at a 10% cap rate. True tax records available.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 47 |
| Total Occupancy: | 94.0 % |
| Year Built: | 1950 |
| Average MH Lot Rent: | $300 |
| Size: | 6 acre(s) |
Financial Information
| Gross Income: | $128 |
| Operating Expense: | $58 |
| Net Operating Income: | $69 |
| Expense Ratio: | 45.3 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $230 |