Mobile Home Park - for Sale in South East, Iowa
South East, IA
Email Broker
Sale Price: $1,100,000
Photo of Manufactured Home Community
Broker Information
Michael CalinRe/Max Signature-Commercial Division
www.remaxsignaturecommercial.com
Mobile Home Park for Sale |
|
| Cap Rate: | 10.5% |
| Purchase Method: | Cash, New Loan |
| Status: | Active |
| Property ID: | 107330 |
| Posted on: | Oct 25, 2011 |
| Updated on: | Jan 26, 2012 |
| Price: | $1,100,000 |
Property Description
3 Park package, all with in minutes of each other, only 3 rentals ,city water and city sewer (Ind Mtrd) and low expenses. Park reads water meters, collects and pays water & sewer bills.
For information and a complete package call (313) 469-0951 or email michaelcalin@remax.net
Park Information
| Total Occupancy: | 64.0% |
| Average MH Lot Rent: | $183 |
Financial Information
| Gross Income | $242,844 |
| Operating Expense | $123,897 |
| Net Operating Income | $118,897 |
| Expense Ratio | 51.0% |
| Debt Info |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
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