Mobile Home Park
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North Street
Mobile Home Park
Mobile Home Park
Mobile Home Park Details
- Cap Rate: 14.0% (Actual)
- Listing ID: 1035415
- Posted On: Feb 21, 2019
- Updated On: Nov 25, 2019
Description
This mobile home park is located just 2 blocks from downtown historic Greensboro. The park has 18 park owned homes that are fully occupied. Each home rents for $325/month for gross potential annual income of $70,200. All homes are total electric with window unit heat pumps. 10 air units are less than a year old. Almost all others have been replaced within the last 5 years. 9 homes have new roofs. Park is located on 2+ acres, with room for future expansion (pending city approval). Sewage and water are ready for 3 additional homes. Enjoy low water and sewage rates giving you more return on your investment.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2008 |
| Average MH Lot Rent: | $325 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $64,584 |
| Operating Expense: | $16,560 |
| Net Operating Income: | $48,024 |
| Expense Ratio: | 25.6 % |
Lot Information
| Singlewide Lots: | 18 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $325 |