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: 10.1%
- Listing ID: 677829
- Posted On: Jun 15, 2016
- Updated On: Oct 30, 2017
Description
51 pads on a scenic hillside with well-established tenants. Located on 34 acres of land, all but 1 pad are currently occupied. Park is serviced by well water and septic systems. Many updates to the water services have been done. Rents range from $315 - $345.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 51 |
| Total Occupancy: | 96.0 % |
| Year Built: | 1989 |
| Size: | 34 acre(s) |
Financial Information (Actual)
| Gross Income: | $206,640 |
| Operating Expense: | $58,023 |
| Net Operating Income: | $138,381 |
| Expense Ratio: | 28.1 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
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