Jacks MHP
Jacks MHP
Thompsons MHP
Thompsons MHP
Jacks MHP
Thompsons MHP

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 430560
  • Posted On: Mar 31, 2014
  • Updated On: Jul 29, 2015

Description

100% Space rent only communities in the Gulf Shores Area of Alabama. 3 properties are within 15 minutes of one another and are managed from one location. All are completed rebuilt including water, sewer and new paved streets. Easy to manage from anywhere.

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Park Information

Community Type: All Age
Number of MH Lots: 251
Total Occupancy: 82.0 %
Year Built: 1969
Average MH Lot Rent: $280
Size: 50 acre(s)

Financial Information (Actual)

Gross Income: $703
Operating Expense: $232
Net Operating Income: $471
Expense Ratio: 33.0 %
Debt Info: none

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City