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
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
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

  • Cap Rate: 9.0%
  • Listing ID: 687835
  • Posted On: Jul 15, 2016
  • Updated On: Feb 17, 2017

Description

Full MHP with upswing and a waiting list to get in. 19 mobile homes, 2 RV sites, 2 duplexes and a single family house. Rents of 5 units are approximately $150 low for the market. Onsite manager gets free rent in the only park owned home. City water, Engineered septic system just a few years ago. Large shop rented out for $300/month. The tenants are long term and rents are a bit below market. Over 14% Cash return on investment. Bank financing available with 30% down payment.

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Park Information

Community Type: All Age
Number of MH Lots: 26
Total Occupancy: 100.0 %
Average MH Lot Rent: $370
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $119,635
Operating Expense: $88
Net Operating Income: $88
Expense Ratio: 0.1 %
Debt Info: New needed

Lot Information

Singlewide Lots: 23
Doublewide Lots: 1

RV Information

Number of RV Lots: 2
Average RV Lot Rent: $355

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

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