Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 887035
- Posted On: Dec 17, 2017
- Updated On: Apr 9, 2018
Description
Canton's Valley View Mobile Home Park is an 18 lot mobile home community located in downtown Canton Missouri. This urban location is across the street from a city park and offers an investor a stable community, as all lots are rented and all homes have recently been painted and upgraded. Seller is planning to keep the existing homes and continue to pay $150/month for lot leases with the buyer (and/or is amenable to a sale of the existing 15 homes for an additional fee). This park includes a common building that houses the electrical system and has room for self-storage. 18 lots at $150/month. The homes rent for an additional $225-250 per month. Tenants pay all utilities. City streets and utilities.
Amenities
- Storage
- Handicap Accessible
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Park Information
Community Type: | All Age |
Number of MH Lots: | 18 |
Total Occupancy: | 94.0 % |
Average MH Lot Rent: | $150 |
Size: | 0 acre(s) |
Financial Information (Actual)
Gross Income: | $32,400 |
Operating Expense: | $4,828 |
Net Operating Income: | $21,363 |
Expense Ratio: | 14.9 % |
Lot Information
Singlewide Lots: | 17 |
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: | Tenant - Individual Service |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 0 |
Average Rent for Park-owned Homes: | $250 |