Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.7%
- Listing ID: 829476
- Posted On: Jul 5, 2017
- Updated On: Jan 30, 2018
Description
Park is located a half hour from Louisville, KY. Park has had stable occupancy for the Seller, when a home is available it sells or rents. For financial information please visit our website at www.birchrealty.com. Feel free to contact us at 248-740-9490 or stan1@birchrealty.com
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 36 |
| Total Occupancy: | 80.0 % |
| Average MH Lot Rent: | $220 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $129,716 |
| Operating Expense: | $50,589 |
| Net Operating Income: | $79,127 |
| Expense Ratio: | 39.0 % |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 23 |
| Average Rent for Park-owned Homes: | $450 |