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
  • Cap Rate: 14.0%
  • Listing ID: 481080
  • Posted On: Nov 1, 2014
  • Updated On: Oct 5, 2017

Description

30 space Park in the center of the busiest part of town. Next to Walmart and walking distance to stores, retaurants, theaters and banking. Ponca City is the original home of Phillips Conoco and is a busy oil and farming community. Cap rate = 10%

818-216-2263 or 818-404-4470

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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 94.0 %
Year Built: 1972
Average MH Lot Rent: $235
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $96,414
Operating Expense: $43,928
Net Operating Income: $52,486
Expense Ratio: 45.6 %
Debt Info: no debt

Lot Information

Singlewide Lots: 30

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 16
Average Rent for Park-owned Homes: $400

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