Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.3%
- Listing ID: 102325
- Posted On: Aug 9, 2011
- Updated On: Mar 12, 2014
Description
107 units, 90% occupied, 102 park owned homes. City water and sewer, residents pay. Located in town, within walking distance of most needs. Maintenance building. Paved streets, off street parking. Have lender waiting. Principals only.
Under contract
Location
In town, easy access to everything, PA Turnpike in sight of park.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 108 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $180 |
Financial Information (Actual)
| Gross Income: | $476 |
| Operating Expense: | $172 |
| Net Operating Income: | $304 |
| Expense Ratio: | 36.1 % |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 102 |
| Average Rent for Park-owned Homes: | $400 |
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