Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 11.0%
  • Listing ID: 393665
  • Posted On: Aug 13, 2013
  • Updated On: May 6, 2014

Description

46 space mobile home community with 22 homes being park owned. Located on almost 6.5 acres. Storage lot/facility on site. Paved streets, fenced yards, city utilities, and a well for irrigation. 13 vacant lots for upside potential!

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Park Information

Community Type: All Age
Number of MH Lots: 46
Total Occupancy: 74.0 %
Year Built: 1962
Average MH Lot Rent: $145
Size: 6 acre(s)

Financial Information (Pro Forma)

Gross Income: $139,380
Operating Expense: $63,256
Net Operating Income: $76,124
Expense Ratio: 45.4 %

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 22
Average Rent for Park-owned Homes: $460