Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Cap Rate: 11.1%
- Listing ID: 885374
- Posted On: Dec 9, 2017
- Updated On: Sep 29, 2018
Description
The Lake Luzerne MHP is a 23 site property with public water, septic, occupied with 18 resident owned homes, 1 park owned home (unoccupied) and a cap rate of just over 11%. Property is very turn key and has some room for upside with 4 lots still open.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 23 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $395 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $75,498 |
| Operating Expense: | $10,981 |
| Net Operating Income: | $64,517 |
| Expense Ratio: | 14.5 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 23 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $0 |
