Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 9.0%
  • Listing ID: 574261
  • Posted On: Oct 20, 2015
  • Updated On: Apr 25, 2016

Description

42 sites (16 occ.) includes 6 RV lots
City water and sewer (billed direct to tenants)

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 42
Total Occupancy: 40.0 %
Average MH Lot Rent: $295
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $52
Operating Expense: $16
Net Operating Income: $36
Expense Ratio: 30.8 %
Debt Info: none

Lot Information

Singlewide Lots: 36

RV Information

Number of RV Lots: 6
Average RV Lot Rent: $400

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $420

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