Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.8%
  • Listing ID: 870739
  • Posted On: Oct 21, 2017
  • Updated On: Feb 15, 2018

Description

Very clean and well maintained park, good pride of ownership. Park has had strong occupancy for years. Is in need of a rent increase. 20 minutes from Lima, OH. Very close to major freeway. For financial information please visit our website at www.birchrealty.com, this will be listing #208 on our site. Feel free to contact us at 727-914-8729 or stan1@birchrealty.com

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 134
Total Occupancy: 90.0 %
Average MH Lot Rent: $205

Financial Information (Actual)

Gross Income: $321,000
Operating Expense: $83,000
Net Operating Income: $238,000
Expense Ratio: 25.9 %

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City