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Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 10.0%
- Listing ID: 418079
- Posted On: Dec 12, 2013
- Updated On: Oct 10, 2014
Description
46 space MHP with room to improve.MAKE AN OFFER. This is a MHP with true upside! Priced at over 10 CAP but go ahead and make an offer. If you are interested in getting serious about the management of the park, the city says the housing is needed and the spaces should be full. City Water and Sewer. The expenses are too high because there must be water leaks so put some money into repairing the leaks and the expenses should go down by $12,000 or more..almost instant increase in the bottom line.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 46 |
| Total Occupancy: | 91.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $375 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $201 |
| Operating Expense: | $62 |
| Net Operating Income: | $123 |
| Expense Ratio: | 30.8 % |
| Debt Info: | Need New Loan |
Lot Information
| Singlewide Lots: | 46 |
Utility Information
| Water: | City |