Mobile Home Park Details

  • Cap Rate: 10.0%
  • Listing ID: 12923
  • Posted On: Jun 2, 2010
  • Updated On: Sep 2, 2014

Description

Ridgewood is connected to city of Kimball (pop 2,500) water and sewer. The park layout is 76 mobile sites and 54 RV sites. The park does about $80,000 gross with $20,000 being RV rental income. Currently 18 units full time. Rent rate is $225. Expenses run about half the income. There is a 3 bedroom home separately deeded on 2.4 acres that is included. The park is about 24 acres. The park is run by a manager who would like to stay. There are three older trailers that park owns also transferring with the park.

$459,000

10 % Cap

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Park Information

Number of MH Lots: 76
Average MH Lot Rent: $225

RV Information

Number of RV Lots: 54
Average RV Lot Rent: $225

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