Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.0%
- Listing ID: 802130
- Posted On: Apr 11, 2017
- Updated On: Dec 23, 2017
Description
15 MH Lots/4 RV lots with room for expansion
5 acres
All park owned homes
Private Well/Septic system
45 Minutes from Pittsburgh
Close to shopping, schools, parks and hospital.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 46.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $525 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $44,000 |
| Operating Expense: | $22,000 |
| Net Operating Income: | $22,000 |
| Expense Ratio: | 50.0 % |
Lot Information
| Singlewide Lots: | 15 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 4 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $525 |
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