Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 7.0%
- Listing ID: 664004
- Posted On: May 9, 2016
- Updated On: Sep 20, 2016
Description
Currently mobile park, tenants on month-to-month rent with 90 days vacancy. Owner bought with purpose of land development, this could go back to profitable mobile park.
Land is approved to built 66 units apartment building or 100 beds ALF
Survey, Appraisal and Plans on file available
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 45 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1938 |
| Average MH Lot Rent: | $510 |
| Size: | 2 acre(s) |
Financial Information
| Gross Income: | $106 |
| Operating Expense: | $35 |
| Expense Ratio: | 33.0 % |
Lot Information
| Singlewide Lots: | 45 |
RV Information
| Average RV Lot Rent: | $510 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 17 |
| Average Rent for Park-owned Homes: | $550 |
