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
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 11.5% (Actual)
- Listing ID: 1007312
- Posted On: Nov 12, 2018
- Updated On: Jun 21, 2019
Description
This 48 site MHP has an interesting upside. Sitting on 55 acres, the property currently has 17 sites ready for homes, while the remaining 31 sites will need septic for completion.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 48 |
| Total Occupancy: | 7.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $350 |
| Size: | 55 acre(s) |
Financial Information (Actual)
| Gross Income: | $51,000 |
| Operating Expense: | $16,650 |
| Net Operating Income: | $34,350 |
| Expense Ratio: | 32.6 % |
Lot Information
| Doublewide Lots: | 48 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $650 |
