Mobile Home Park Details
- Purchase Method: Assumable Loan
- Listing ID: 12552
- Posted On: Jun 2, 2012
- Updated On: Sep 2, 2014
Description
Great opportunity to own 90+ space 12 acre Park with all city utilities billed directly to tenants.
Roads repaved 2010 well managed
Upside 10 vacancies great price $1.1 ass. below 6%
Rents were increased Jan, 2012 $10
Location
Main HWY West Coast
Amenities
- Laundromat
- Club House
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Park Information
| Number of MH Lots: | 95 |
Financial Information (Actual)
| Gross Income: | $242,000 |
| Operating Expense: | $60,000 |
| Net Operating Income: | $188,000 |
| Expense Ratio: | 24.8 % |
Lot Information
| Singlewide Lots: | 84 |
| Doublewide Lots: | 11 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
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