Mobile Home Park Details
- Purchase Method: Seller Financing, Assumable Loan
- Cap Rate: 10.1%
- Listing ID: 367649
- Posted On: Mar 27, 2013
- Updated On: Jun 24, 2014
Description
These two adjacent parks total 34 spaces are are on city services. The rent was increased on January 1, 3013 to $275 and includes sewer and trash. Electrical is billed directly and water is sub-metered. These 1-2 star parks are a wonderful value added opportunity. Currently there is no on-site manager. Possiblity of some Seller financing.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 34 |
| Total Occupancy: | 91.0 % |
| Average MH Lot Rent: | $275 |
| Size: | 4 acre(s) |
Lot Information
| Singlewide Lots: | 34 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $275 |