Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.6%
- Listing ID: 457328
- Posted On: Jul 1, 2014
- Updated On: Nov 18, 2014
Description
Here is a steady working class park with no costly amenities, just a safe and simple place to live. The park has been fully occupied for many years and practically runs itself! The seller has installed new water lines throughout the park and updated the electrical system. If you are looking for a cash machine that is EZ to operate with minimal upkeep, this is your park!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $415 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $99,600 |
| Operating Expense: | $36,221 |
| Net Operating Income: | $63,379 |
| Expense Ratio: | 36.4 % |
| Debt Info: | 70%LTV @ 5.5% 25 yr am |
Lot Information
| Singlewide Lots: | 20 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |