Photo of Mobile Home Park
Photo of Multi Family Housing
Photo of Mobile Home Park
Photo of Mobile Home Community
Photo of Mobile Home Park
Photo of Manufactured Home Community
Photo of Mobile Home Park
Photo of Manufactured Home Community
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.6%
- Listing ID: 1046115
- Posted On: Mar 25, 2019
- Updated On: Jul 2, 2019
Description
Hickory Mobile Home Park is a 6 space, all-age community located in Hickory, SC. It is located on 2 acres & being offered on the basis of its current income with value add potential. Tenants are rigorously screened, with an average stay of 5+ years. The park is extremely well maintained, and has virtually no deferred maintenance. Low expenses and hassle free. Value add potential for a 16.6% cap rate. Check flyer for more details
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 6 |
| Total Occupancy: | 83.0 % |
| Year Built: | 1985 |
| Average MH Lot Rent: | $250 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $22,800 |
| Operating Expense: | $2,584 |
| Net Operating Income: | $20,216 |
| Expense Ratio: | 11.3 % |
Lot Information
| Singlewide Lots: | 4 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $436 |