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Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 9.0%
  • Listing ID: 461861
  • Posted On: Aug 8, 2014
  • Updated On: Dec 9, 2014

Description

Two mobile home parks renting pads totaling 41 sites on a total of 14.2 acres. All front upon Route 301, a four lane arterial highway. The two parks are within five miles of each other. Both are on well and septic. 2013 gross cash flow as $132,573. Located near Dahlgren Naval Weapons Laboratory, and shopping and commercial.

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Park Information

Number of MH Lots: 41
Total Occupancy: 90.0 %
Average MH Lot Rent: $275
Size: 14 acre(s)

Financial Information (Actual)

Gross Income: $132
Operating Expense: $42
Net Operating Income: $90
Expense Ratio: 31.8 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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