Photo of Mobile Home Park
Well house
mail house (red building)
apartment building (1 bed)
owned home
view of park
owned home
view of park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.0%
- Listing ID: 891860
- Posted On: Jan 5, 2018
- Updated On: Jun 3, 2020
Description
Cute and well maintained mobile home park located in a rural but close to town setting. Nearby a stream, within a 10 minute drive to an industrial park with many job opportunities. This 36 licensed lot park has 26 currently filled lots. Park includes 8 owned mobile homes and 1 owned apartment unit (stand alone building). Tenants are all long term. Opportunity to grow the income by bringing in more mobile homes.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 36 |
| Total Occupancy: | 72.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $175 |
| Size: | 9 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $98,340 |
| Operating Expense: | $54,404 |
| Net Operating Income: | $43,936 |
| Expense Ratio: | 55.3 % |
Lot Information
| Singlewide Lots: | 36 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $557 |
