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: 12.0%
  • Listing ID: 574655
  • Posted On: Oct 21, 2015
  • Updated On: Dec 27, 2017

Description

Fully Occupied park with long term tenants. Excellent controls on water usage and carefully maintained with an onsite manager. Located in a quiet and safe neighborhood with easy access to shopping and public transportation.
Room for park expansion and location makes it suitable for higher use such as a motel or retail.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 28
Total Occupancy: 100.0 %
Year Built: 1950
Average MH Lot Rent: $390
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $131,000
Operating Expense: $47,570
Net Operating Income: $83,430
Expense Ratio: 36.3 %

Lot Information

Singlewide Lots: 28

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 25
Average Rent for Park-owned Homes: $389

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