Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.7%
- Listing ID: 692872
- Posted On: Aug 1, 2016
- Updated On: Mar 28, 2018
Description
Motivated Seller. Seller has had success bringing units into the park over the last couple of years and selling. Occupancy has steadily increased! For financial information please visit our website at www.birchrealty.com, this will be listing #315. Feel free to contact us at 727-914-8729 or stan1@birchrealty.com.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 57 |
| Total Occupancy: | 86.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $275 |
| Size: | 12 acre(s) |
Financial Information (Actual)
| Gross Income: | $193,000 |
| Operating Expense: | $102,000 |
| Net Operating Income: | $91,000 |
| Expense Ratio: | 52.8 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
