Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.5%
- Listing ID: 517716
- Posted On: Apr 22, 2015
- Updated On: Aug 18, 2015
Description
Quiet residential park with paved streets, city sewer and a newer water plant. 3 DEP approved wells. Large maintenance building.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Total Occupancy: | 93.0 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $260 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $81,000 |
| Operating Expense: | $33,000 |
| Net Operating Income: | $48,000 |
| Expense Ratio: | 40.7 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 25 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |
