Sample tenant owned unit
Aerial of Mobile Home Park
Another tenant owned unit
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 376705
- Posted On: Jun 4, 2013
- Updated On: Jul 24, 2014
Description
Mobile home park with 89 lots, of which 85 are currently rented and NO park owned units.
Two-thirds of park consist of double-wide homes. Large lots, underground utilities and paved roads.
Listing requires a signed Non-Disclosure Agreement for more information.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 89 |
| Total Occupancy: | 95.5 % |
| Year Built: | 1991 |
| Average MH Lot Rent: | $465 |
| Size: | 51 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $496,620 |
| Operating Expense: | $121,534 |
| Net Operating Income: | $375,085 |
| Expense Ratio: | 24.5 % |
Lot Information
| Singlewide Lots: | 55 |
| Doublewide Lots: | 34 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |