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, Seller Financing, New Loan
- Land: This is land for developing a mobile home park
- Cap Rate: 10.0%
- Listing ID: 850494
- Posted On: Aug 26, 2017
- Updated On: Feb 26, 2018
Description
East of Cheyenne off Highway 30. North on Reese Road. Land can be used for further expansion to 44 lots and will have approx 10 acres for further expansion.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 31 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1976 |
| Average MH Lot Rent: | $425 |
| Size: | 25 acre(s) |
Financial Information (Actual)
| Gross Income: | $200,000 |
| Operating Expense: | $12,000 |
| Net Operating Income: | $188,400 |
| Expense Ratio: | 6.0 % |
| Debt Info: | 850/mo on cfd mobiles |
Lot Information
| Doublewide Lots: | 31 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $750 |