Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 11.5%
- Listing ID: 478626
- Posted On: Oct 22, 2014
- Updated On: Apr 27, 2015
Description
BACK ON MARKET. 8.75 ACRES, 49 SPACES ACROSS FROM LAKE ERIE. UTILITIES PUBLIC AND REPLACED IN 1989. WATER SEPERATELY METERED, NEW MANUFACTURED HOME DEALERS LICENSE. GOOD INCOME. LOTS OF EQUIPMENT INCLUDED. $1,200,000.OWNER FINANCING.. GOOD CAP RATE. 440-466-7777
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 49 |
| Total Occupancy: | 60.0 % |
| Year Built: | 1989 |
| Average MH Lot Rent: | $280 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $220 |
| Operating Expense: | $68,000 |
| Net Operating Income: | $152 |
| Expense Ratio: | 30909.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $500 |
