Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 862492
- Posted On: Sep 25, 2017
- Updated On: Feb 23, 2018
Description
This 22 spot mobile home park is located just minutes from Point Pleasant Schools, historic downtown, 10 minutes to Wal-Mart and a small shopping plaza. Each spot has individually metered water and electric and is hooked to the Mason County sewer lines. Recently reconstructed gravel roads. There are currently 11 lots occupied with 2 vacant trailers. The monthly lot rent is $175.00.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $175 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $18 |
| Operating Expense: | $3 |
| Net Operating Income: | $15 |
| Expense Ratio: | 16.7 % |
| Debt Info: | 0 |
Lot Information
| Singlewide Lots: | 22 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $0 |
