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

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 18.0%
  • Listing ID: 417260
  • Posted On: Dec 4, 2013
  • Updated On: Jul 1, 2014

Description

HUGE PRICE REDUCTION! EXCELLENT ROI!!
Great investment income property. 2.78 acre rural mobile home park includes 9 mobile homes and 12 rentable lot spaces. Recent upgrades to utilities and low vacancy rates. Zoned Residential Mobile Home, park has exceptional capitalization rate for owner/landlord. Financials and extensive details on all personal property available to serious inquirers.

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Park Information

Community Type: All Age
Number of MH Lots: 12
Total Occupancy: 92.0 %
Year Built: 1980
Average MH Lot Rent: $175
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $52,200
Operating Expense: $20,107
Net Operating Income: $32,092
Expense Ratio: 38.5 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $300