Contact Information

Mobile Home Park Details

  • Price: $799,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.0%
  • Property ID: 1054361
  • Posted on Apr 17, 2019

Property Description

This park consist of 18 spaces - 1 duplex 2/1 completely remodeled and a 1/1 also remodeled. All units have new roofs including the laundry room. All utilities are on city services.

Market rent is $450

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 100.0 %
Year Built: 1960
Average MH Lot Rent: $600

Financial Information (Actual)

Gross Income $137,429
Operating Expense $53,804
Net Operating Income $83,625
Expense Ratio 39.2 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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