Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.8%
- Listing ID: 870739
- Posted On: Oct 21, 2017
- Updated On: Feb 15, 2018
Description
Very clean and well maintained park, good pride of ownership. Park has had strong occupancy for years. Is in need of a rent increase. 20 minutes from Lima, OH. Very close to major freeway. For financial information please visit our website at www.birchrealty.com, this will be listing #208 on our site. Feel free to contact us at 727-914-8729 or stan1@birchrealty.com
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 134 |
| Total Occupancy: | 90.0 % |
| Average MH Lot Rent: | $205 |
Financial Information (Actual)
| Gross Income: | $321,000 |
| Operating Expense: | $83,000 |
| Net Operating Income: | $238,000 |
| Expense Ratio: | 25.9 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |