Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.5%
- Listing ID: 101643
- Posted On: Jul 17, 2011
- Updated On: Dec 11, 2023
Description
Beautiful Mobile Home Community and Campground sitting on 35+/- acres with 2600 feet of Lake frontage and 300 feet of commercial frontage. This a very clean community with room for expansion. There is a total of 53 Mobile Home sites and 47 RV sites with 1 vacancy. There is a community room that doubles as a storm shelter. There is a playground, basketball court.
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Location
Community sits on US-12
Amenities
- Storage
- Club House
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 53 |
| Total Occupancy: | 99.0 % |
| Year Built: | 1950 |
| Average MH Lot Rent: | $275 |
| Size: | 35 acre(s) |
Financial Information (Actual)
| Gross Income: | $158 |
| Operating Expense: | $50 |
| Net Operating Income: | $108 |
| Expense Ratio: | 31.6 % |
Lot Information
| Singlewide Lots: | 53 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 47 |
| Average RV Lot Rent: | $250 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $300 |
