Photo of Mobile Home Park
Mobile Home Park Details
- Cap Rate: 7.7%
- Listing ID: 420248
- Posted On: Jan 6, 2014
- Updated On: Jul 11, 2014
Description
• 49 Mobile Home Spaces located right off Morrison Road.
• Huge upside to increase rents.
• Future Development Opportunity.
• Very Rare, Not Many Parcels of Land This Size In Denver
• Belmont mobile home park is consistently full!
• All units separately metered - Tenants pay for electricity.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 49 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1943 |
| Average MH Lot Rent: | $509 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $202,088 |
| Operating Expense: | $71,424 |
| Net Operating Income: | $130,664 |
| Expense Ratio: | 35.3 % |
| Debt Info: | 1190000 |
Lot Information
| Singlewide Lots: | 37 |
RV Information
| Number of RV Lots: | 10 |
| Average RV Lot Rent: | $371 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
