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: Cash, Seller Financing, New Loan
- Cap Rate: 6.9%
- Listing ID: 746493
- Posted On: Dec 13, 2016
- Updated On: Aug 23, 2017
Description
Broad Acres Mobile Home Park is an all age mobile home park and was developed in or about 1947 on approximately 3.62 acres. Gas and electric are sub-metered and paid by the tenants. Trash, water and sewer are passed-though to the tenants. Broad Acres consists of 59 mobile home spaces. There are currently 9 vacant spaces. Amenities include a laundry room.
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 59 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1947 |
| Average MH Lot Rent: | $355 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $336,714 |
| Operating Expense: | $154,235 |
| Net Operating Income: | $144,024 |
| Expense Ratio: | 45.8 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |