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
- Cap Rate: 10.7%
- Listing ID: 635932
- Posted On: Feb 18, 2016
- Updated On: Mar 1, 2016
Description
The mobile home park consists of three separate properties in close proximity of each other. There are 71 spaces total, with paved roads, septic tanks, and well water. This well established park has 21 of the 46 park owned homes on a rent-to-own basis.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 71 |
| Total Occupancy: | 78.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $165 |
| Size: | 22 acre(s) |
Financial Information (Actual)
| Gross Income: | $152 |
| Operating Expense: | $53 |
| Net Operating Income: | $98 |
| Expense Ratio: | 34.9 % |
| Debt Info: | Free and Clear |
Lot Information
| Singlewide Lots: | 71 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 46 |
| Average Rent for Park-owned Homes: | $350 |
