Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 12.0%
  • Listing ID: 885388
  • Posted On: Dec 9, 2017
  • Updated On: Mar 1, 2018

Description

Will maintained, long established mobile home park in quiet small town, just 50 mile from Montana's largest city. 26 spaces total with 12 park owned units. all park owned are rented and well maintained. All units are on city services and streets are city maintained as will. Large caretakers shop on premise. Large lots with lawns and off street parking spaces for each unit. All permits are current. Generates $80,000 per year, with tons of upside. Rents are low for the area even though its the best in the area, and haven't been raised in years. Close to hospitals and schools, and excellent outdoor recreational opportunities.

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Park Information

Community Type: All Age
Number of MH Lots: 26
Year Built: 1970
Average MH Lot Rent: $150
Size: 12 acre(s)

Financial Information (Pro Forma)

Gross Income: $80
Operating Expense: $20,000
Net Operating Income: $60,000
Expense Ratio: 25000.0 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 14
Average Rent for Park-owned Homes: $500