Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 15.0%
  • Listing ID: 813787
  • Posted On: May 15, 2017
  • Updated On: Jul 12, 2017

Description

16 rental homes, all homes are park owned. Good history of occupancy, currently 100%. 15% Cap Rate. Good location close to shopping. Cash preferred, seller financing possible.

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Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 100.0 %
Year Built: 1974
Average MH Lot Rent: $670
Size: 3 acre(s)

Financial Information

Gross Income: $113,430
Operating Expense: $44,982
Net Operating Income: $68,448
Expense Ratio: 39.7 %
Debt Info: Cash Preferred

Lot Information

Singlewide Lots: 16

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 16
Average Rent for Park-owned Homes: $670

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