Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 461548
- Posted On: Aug 6, 2014
- Updated On: Jun 30, 2015
Description
CLEAN, CLEAN, CLEAN WITH CITY WATER AND SEWER, PAVED ROADS AND MOUNTAIN VIEWS...ONLY 15 MINUTES TO ASHEVILLE. LONG TERM TENANTS, FAMILY FRIENDLY, PROFESSIONAL AND RETIREES...ON SITE MANAGER DOES IT ALL. THIS IS MADE FOR THE ABSENTEE OWNER. ROOM TO INCREASE CAP RATE TO 12%
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 66 |
| Total Occupancy: | 90.0 % |
| Year Built: | 2002 |
| Average MH Lot Rent: | $250 |
| Size: | 18 acre(s) |
Financial Information (Actual)
| Gross Income: | $351 |
| Operating Expense: | $62 |
| Net Operating Income: | $289 |
| Expense Ratio: | 17.7 % |
| Debt Info: | 800,000 |
Lot Information
| Singlewide Lots: | 55 |
| Doublewide Lots: | 5 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 38 |
| Average Rent for Park-owned Homes: | $625 |
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