Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: New Loan
- Listing ID: 991498
- Posted On: Sep 21, 2018
- Updated On: Dec 10, 2018
Description
18 lot Mobile home park located in Johnston, RI. The park is located near Route 6 on Providence, RI line. Upgrades to the property include a new retaining wall installed, removed undesirable tenants, fixed water drainage and poured 2 new concrete pads. The park is on town water and sewer. Lot rent is $500/month. Owner pays water, sewer, taxes, and maintenance. Occupants are responsible for their own utilities. Currently 3 vacancies (Park owned the trailers) and owner holds 7 mortgages (total 10 park owned homes).
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 80.0 % |
| Average MH Lot Rent: | $500 |
Financial Information
| Gross Income: | $107 |
| Operating Expense: | $24 |
| Net Operating Income: | $82 |
| Expense Ratio: | 22.4 % |
Lot Information
| Singlewide Lots: | 18 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $700 |