Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.2%
- Listing ID: 854920
- Posted On: Sep 5, 2017
- Updated On: Apr 29, 2021
Description
Park has consistently had strong occupancy over the years, 100% occupancy. City/City water/sewer and is sub metered. Located close to a university. For financial information please visit our website at www.birchrealty.com, this will be listing #408. Feel free to contact us at 727-914-8700 or stan1@birchrealty.com.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 97 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $186 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $386,500 |
| Operating Expense: | $116,000 |
| Net Operating Income: | $270,500 |
| Expense Ratio: | 30.0 % |
Lot Information
| Singlewide Lots: | 96 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 93 |
| Average Rent for Park-owned Homes: | $350 |