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, New Loan
- Cap Rate: 9.5%
- Listing ID: 577058
- Posted On: Nov 4, 2015
- Updated On: Jan 11, 2016
Description
Mobile Home Park. Good investment property with upside potential. 18 useable spaces on 13 city lots, one park owned mobile home, park manager available, city utilities.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 83.0 % |
| Average MH Lot Rent: | $225 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $39 |
| Operating Expense: | $24 |
| Net Operating Income: | $15 |
| Expense Ratio: | 61.5 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |