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
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 894194
- Posted On: Apr 13, 2018
- Updated On: Jan 14, 2019
Description
24 sites with two large pole sheds
well and septic
7 nice POH with NO deferred maintenance
MOST of our tenants have lived in our park for multiple years, there is very little turnover and ZERO receivables. Everybody pays
Water system showing on expense line was paid off this month. That increases the NOI by $3400 per year over the attached history.
Seller would consider carrying a 10% second
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 79.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $325 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $88,000 |
| Operating Expense: | $28,000 |
| Net Operating Income: | $60,000 |
| Expense Ratio: | 31.8 % |
Lot Information
| Singlewide Lots: | 23 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - RUBs |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $550 |