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: 11.4%
  • Listing ID: 824463
  • Posted On: Jun 20, 2017
  • Updated On: Aug 21, 2017

Description

PRICED TO SELL-
12 SPOTS READY FOR CONSTRUCTION- NEWLY APPROVED FOR A TOTAL OF 44 SPACES. 100% FULL. IF A SPOT OPENS UP YOU CAN FILL IT SAME DAY. OIL WELLS BEING DRILLED YARDS AWAY FROM PARK. 25 ACRES IWITH LOTS OF UNDEVELOPED ACREAGE.

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Park Information

Community Type: All Age
Number of MH Lots: 44
Total Occupancy: 100.0 %
Year Built: 1975
Average MH Lot Rent: $400
Size: 25 acre(s)

Financial Information (Actual)

Gross Income: $228,000
Operating Expense: $10,746
Net Operating Income: $217
Expense Ratio: 4.7 %

Lot Information

Doublewide Lots: 44

RV Information

Average RV Lot Rent: $400

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 22
Average Rent for Park-owned Homes: $350