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

Mobile Home Park Details

  • Cap Rate: 11.1%
  • Listing ID: 885374
  • Posted On: Dec 9, 2017
  • Updated On: Sep 29, 2018

Description

The Lake Luzerne MHP is a 23 site property with public water, septic, occupied with 18 resident owned homes, 1 park owned home (unoccupied) and a cap rate of just over 11%. Property is very turn key and has some room for upside with 4 lots still open.

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Park Information

Community Type: All Age
Number of MH Lots: 23
Total Occupancy: 70.0 %
Year Built: 1970
Average MH Lot Rent: $395
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $75,498
Operating Expense: $10,981
Net Operating Income: $64,517
Expense Ratio: 14.5 %
Debt Info: None

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $0

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