40-Space Mobile Home Park - for Sale in Paragon, Indiana
Paragon, IN
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Broker Information
Michael CalinRe/Max Signature-Commercial Division
www.remaxsignaturecommercial.com
Mobile Home Park for Sale |
|
| Number of MH Lots: | 40 |
| Size: | 6 acre(s) |
| Cap Rate: | 16.9% |
| Purchase Method: | Cash, New Loan |
| Status: | Active |
| Property ID: | 106429 |
| Posted on: | Oct 06, 2011 |
| Updated on: | Jan 13, 2012 |
| Price: | $650,000 |
Property Description
40 Site Mobile Home Community, city water, city sewer-Ind meters, low expenses and high income.
For information and a complete package call (313) 469-0951 or email michaelcalin@remax.net
Park Information
| Number of MH Lots: | 40 |
| Total Occupancy: | 72.0% |
| Year Built: | 1996 |
| Average MH Lot Rent: | $200 |
| Size: | 6.0 acre(s) |
Financial Information
| Gross Income | $127,140 |
| Operating Expense | $18,818 |
| Net Operating Income | $108,322 |
| Expense Ratio | 14.8% |
| Debt Info |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $589 |
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