Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 366220
  • Posted On: Mar 14, 2013
  • Updated On: Jun 21, 2013

Description

This is a 22 lot park. There is a 4bdr 2 bath home with a jacuzzi on the property. There are 18 park owned homes and a 1 bdr. apartment. A maintenance building with a roll up bay dock is on site. This park stays almost 100% occupancy. Majority of these homes have been remodeled. This park is on city sewer and trash. Each home site is sub metered for gas and electricity. The gross income is $11,00 per month and the net is $9,000 per month. Great starter or to add to the portfolio. Come take a look!

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Park Information

Community Type: All Age
Number of MH Lots: 22
Total Occupancy: 100.0 %
Average MH Lot Rent: $525
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $138,000
Operating Expense: $17,000
Net Operating Income: $121,000
Expense Ratio: 12.3 %

Lot Information

Singlewide Lots: 22

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 23
Average Rent for Park-owned Homes: $525