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: 12.0%
- Listing ID: 796112
- Posted On: Mar 24, 2017
- Updated On: Mar 21, 2022
Description
12% cap rate has 25 park owned rental mhs only
plus 21 vacant lots......& makes a 12% cap rate
plenty of opportunity to increase income with 21 vacant lots
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 46 |
| Total Occupancy: | 55.0 % |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $122 |
| Operating Expense: | $38 |
| Net Operating Income: | $83 |
| Expense Ratio: | 31.1 % |
Lot Information
| Doublewide Lots: | 46 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 25 |
| Average Rent for Park-owned Homes: | $470 |
