Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.8%
- Listing ID: 102326
- Posted On: Aug 9, 2011
- Updated On: Jan 9, 2012
Description
63 spaces, 95% occupied, 7 park owned homes. City water and sewer, residents pay. 10-11 acres for expansion. Paved streets, all plastic piping. Park stays 90%+ full. Have lender if you need him. Principals only.
Location
Off Interstate 80, exit 35, go 3/4 mile north, in town location.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 63 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $200 |
Financial Information (Actual)
| Gross Income: | $179 |
| Operating Expense: | $32 |
| Net Operating Income: | $147 |
| Expense Ratio: | 17.9 % |
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: | 7 |
| Average Rent for Park-owned Homes: | $400 |
