Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.0%
  • Property ID: 1003221
  • Posted on Oct 29, 2018

Property Description

Great starter park with lots of desirable features!

*City Water
*City Sewer
*All resident owned homes
*Owner financing opportunities
*80% occupancy (4 sites still available to bring additional rents)
*Area for expansion

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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 80.0 %
Year Built: 1970
Average MH Lot Rent: $294
Size: 7.0 acre(s)

Financial Information

Gross Income $56,400
Operating Expense $17,155
Net Operating Income $39,245
Expense Ratio 30.4 %
Debt Info

Lot Information

Singlewide Lots: 14
Doublewide Lots: 2

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

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