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The Finest Place 307 Truman Ln, Salem, MO 65560

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 15.0% (Actual)
  • Listing ID: 105556
  • Posted On: Sep 16, 2011
  • Updated On: Mar 16, 2012

Description

16 mobile and a house great income producing park. Some renovation on trailers in the past fer months

Location

Salem Mo South of town

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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 95.0 %
Average MH Lot Rent: $200
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $6,400
Operating Expense: $1,500
Net Operating Income: $3,900
Expense Ratio: 23.4 %
Debt Info: $150000

Lot Information

Singlewide Lots: 14
Doublewide Lots: 1

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $300

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