Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 12.0%
- Listing ID: 887106
- Posted On: Dec 18, 2017
- Updated On: Feb 21, 2018
Description
Little park with splendid rate of return. 5 MH owned by the tenants on corner lot over 1.5 ac (2 parcels). Potentially 7 sp to be verified with city. Tenants have their own contracts with electric & trash co. Public water submetered (all individual water meters).
No management per se since each tenant has direct access to main road and takes care of their space and has their own septic. Low rent space. A low maintenance and splendid investment (12%)!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 5 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1972 |
| Average MH Lot Rent: | $350 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $21 |
| Operating Expense: | $3 |
| Net Operating Income: | $18 |
| Expense Ratio: | 14.3 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 5 |
| Doublewide Lots: | 5 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |