Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 427367
  • Posted On: Sep 5, 2014
  • Updated On: Mar 17, 2015

Description

Great investment income property in stable community. This 34 unit park on 4.53 acres is located in a working class neighborhood convenient to the local down town and highway. The community has a total of 32 homes currently on site, of which 17 are park owned homes

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Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 55.8 %
Average MH Lot Rent: $125
Size: 5 acre(s)

Financial Information

Gross Income: $36,600
Operating Expense: $23,700
Net Operating Income: $12,900
Expense Ratio: 64.8 %

Lot Information

Singlewide Lots: 34

Park-Owned Homes

Number of Park-owned Homes: 17
Average Rent for Park-owned Homes: $360

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