Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.4%
- Listing ID: 824463
- Posted On: Jun 20, 2017
- Updated On: Aug 21, 2017
Description
PRICED TO SELL-
12 SPOTS READY FOR CONSTRUCTION- NEWLY APPROVED FOR A TOTAL OF 44 SPACES. 100% FULL. IF A SPOT OPENS UP YOU CAN FILL IT SAME DAY. OIL WELLS BEING DRILLED YARDS AWAY FROM PARK. 25 ACRES IWITH LOTS OF UNDEVELOPED ACREAGE.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 44 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $400 |
| Size: | 25 acre(s) |
Financial Information (Actual)
| Gross Income: | $228,000 |
| Operating Expense: | $10,746 |
| Net Operating Income: | $217 |
| Expense Ratio: | 4.7 % |
Lot Information
| Doublewide Lots: | 44 |
RV Information
| Average RV Lot Rent: | $400 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 22 |
| Average Rent for Park-owned Homes: | $350 |