Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 10.0%
- Listing ID: 3185380
- Posted On: Jun 20, 2023
- Updated On: Jan 16, 2024
Description
Sites Total: 40
Unoccupied Storage Lots: 4
Rental Homes Owned: 32
Resident Owned Homes: 4
Resident Home Avg: $150
Rental Home Avg: $350
1 Stick Built Home @ $750
Park has City/ City Sewer
*Utilities can be billed back*
Location
Located one hour outside Peoria and Springfield.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 40 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $150 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $138,696 |
| Operating Expense: | $67,834 |
| Net Operating Income: | $70,862 |
| Expense Ratio: | 48.9 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 32 |
| Average Rent for Park-owned Homes: | $350 |
