Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.9%
- Listing ID: 455686
- Posted On: Jun 15, 2014
- Updated On: Jun 20, 2016
Description
City Sewer and Water - But NOT in City Limits. 20 vinyl-shingled homes - all park owned. A rental house with 5 year lease sitting on one acre next to park is included. Room for expansion. Great Location visible from state highway. Turn Key - Not distressed Property! Water is individually metered. 50 Miles south of St. Louis and 5 miles north of Farmington.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2007 |
| Average MH Lot Rent: | $570 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $129,787 |
| Operating Expense: | $31,590 |
| Net Operating Income: | $98,197 |
| Expense Ratio: | 24.3 % |
Lot Information
| Singlewide Lots: | 20 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 20 |
| Average Rent for Park-owned Homes: | $570 |
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