Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.0%
- Listing ID: 18997
- Posted On: Jan 6, 2011
- Updated On: Feb 18, 2014
Description
**Virtual tour available at:
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46 Acres, 241 pads, Park owns 165 units, 76 pads rented.
95% occupancy rate. City water,city sewer, newly paved streets.
Location
Located 1/2 mile from the largest and newest shopping center in Fayetteville, NC. Home of 82nd Airborne Division at Fort Bragg. Additional 25,000-30,000 personnel being stationed at Fort Bragg by 9/15/2011 with dependents this would make an additional 75,000 people in the area.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 241 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1998 |
| Average MH Lot Rent: | $225 |
| Size: | 46 acre(s) |
Financial Information (Actual)
| Gross Income: | $1,236,000 |
| Operating Expense: | $360,000 |
| Net Operating Income: | $876,000 |
| Expense Ratio: | 29.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 165 |
| Average Rent for Park-owned Homes: | $568 |
