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
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: New Loan
- Cap Rate: 16.0%
- Listing ID: 638142
- Posted On: Feb 25, 2016
- Updated On: Nov 19, 2016
Description
SIXTEEN CAP! Pretty 50-site park on city water/sewer, has 33 park owned homes, 11 owner occupants and six vacant lots. Park is full and stays full, and has a waiting list. Excellent, seasoned management would stay, if asked.
Call today - you'll be glad you did!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 50 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1978 |
| Average MH Lot Rent: | $270 |
| Size: | 19 acre(s) |
Financial Information
| Gross Income: | $230 |
| Operating Expense: | $91,722 |
| Net Operating Income: | $138,398 |
| Expense Ratio: | 39879.1 % |
Lot Information
| Singlewide Lots: | 32 |
| Doublewide Lots: | 18 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 33 |
| Average Rent for Park-owned Homes: | $589 |