Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.1%
- Listing ID: 3473960
- Posted On: Aug 2, 2023
- Updated On: Aug 17, 2023
Description
- New Increased Income!
- 100 Site MHP with infill potential
- Newer Well ( replaced Pump and Tank )
- mostly newer roads
-stable tenants
-over 35 acres!
Location
Columbus area metro is one of the largest and fastest growing metro's in the Midwest United States.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 100 |
| Total Occupancy: | 44.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $385 |
| Size: | 36 acre(s) |
Financial Information (Actual)
| Gross Income: | $286,360 |
| Operating Expense: | $97,037 |
| Net Operating Income: | $189,323 |
| Expense Ratio: | 33.9 % |
Lot Information
| Singlewide Lots: | 29 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $590,610 |
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