Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 5.0%
- Listing ID: 862403
- Posted On: Sep 24, 2017
- Updated On: Oct 6, 2017
Description
90 Space Rural MHP with only 6 lots rented @ $130. No other homes in park. No park owned homes. All lots have a septic tank and power and water. Dirt roads needs TLC. HUGE UPSIDE. Septics and master metered water. 30 acres. Land alone is worth the asking price. Cash only. Priced for quick sell. UNDER CONTRACT! ACCEPTING BACKUP OFFERS ONLY!!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 90 |
| Total Occupancy: | 6.0 % |
| Year Built: | 1950 |
| Average MH Lot Rent: | $130 |
| Size: | 30 acre(s) |
Financial Information (Actual)
| Gross Income: | $10,000 |
| Operating Expense: | $2,500 |
| Net Operating Income: | $7,500 |
| Expense Ratio: | 25.0 % |
Lot Information
| Singlewide Lots: | 90 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |