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: 10.9%
  • Listing ID: 541627
  • Posted On: Jun 12, 2015
  • Updated On: Apr 22, 2016

Description

■ Opportunity to Acquire a 41 Site Community at $13,049
per Site
■ Current Rent is $20 Below the Market Average
■ Public Water and Sewer. Only Water is Being Billed Back
■ Seven Vacant Park Owned Homes with Titles Will be
Transferred At Closing
■ New Water Lines were Installed in 2000
■ 10.9 Percent Cap Rate Based on the Sellers 2014 Financials

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Park Information

Community Type: All Age
Number of MH Lots: 41
Total Occupancy: 83.0 %
Average MH Lot Rent: $230

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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