Pine Court MHP - for Sale in Billings, Montana
1637 Dickie Road
Billings, MT 59101
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Sale Price: $520,000
Mobile Home Park for Sale |
|
| Number of MH Lots: | 23 |
| Size: | 10 acre(s) |
| Cap Rate: | 9.0% |
| Purchase Method: | Seller Financing, New Loan |
| Status: | Active |
| Property ID: | 12911 |
| Posted on: | Jun 02, 2010 |
| Updated on: | Feb 17, 2011 |
| Price: | $520,000 |
Property Description
Owner Financing "income has changed contact me for the new numbers"
23 spaces on ten acres, no park owned homes, private water and sewer but all in perfect condition, new double sand filtered drain field. Room for a rent raise. No vacancies in over 2 years and no late payers. Very easy park to operate from afar.
I've got the numbers and will have the pictures soon.
Park Information
| Number of MH Lots: | 23 |
| Total Occupancy: | 100.0% |
| Year Built: | 78 |
| Average MH Lot Rent: | $215 |
| Size: | 10.0 acre(s) |
Financial Information (Actual)
| Gross Income | $70 |
| Operating Expense | $17 |
| Net Operating Income | $53 |
| Expense Ratio | 24.3% |
| Debt Info |
Lot Information
| Singlewide Lots: | 20 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
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