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: New Loan
- Cap Rate: 10.8%
- Listing ID: 480947
- Posted On: Oct 31, 2014
- Updated On: Jan 16, 2015
Description
Sunny Rest Mobile Home Community is situated on 1.38 MOL acres and consists of 31 mobile home sites plus a duplex. It offers an on-site laundry facility, leasing office, workshop and storage unit. The Landlord pays for water, sewer and trash and residents pay their own electric and telephone. Four lots have received permitting for weekly RV rentals.
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1941 |
| Average MH Lot Rent: | $524 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $182,851 |
| Operating Expense: | $86,462 |
| Net Operating Income: | $96,389 |
| Expense Ratio: | 47.3 % |
| Debt Info: | New Loan, 75% LTV |
Lot Information
| Singlewide Lots: | 23 |
| Doublewide Lots: | 6 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $425 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 31 |
| Average Rent for Park-owned Homes: | $515 |
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