Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.7%
  • Property ID: 1068951
  • Posted On: May 1, 2019
  • Updated On: Jul 23, 2019

Property Description

This is a set of properties in Simla, CO which includes 6 Mobile homes that have been renovated and are rented. This also includes 2 stick built homes! One lot has a 2 bed 1 bath home with 2 mobiles and the second lot has a 3 bed 1 bath 2-story home with 4 mobiles. These are both owned by the same owner and are on opposite sides of the block from one another which makes management easy! The rent rolls show a gross profit for 2018 as $64,488.15. This are also 4 additional lots with water and power hook ups. There is a 10 unit storage unit that is being rented to tenants from $25-$45 per month depending on size of unit.

Amenities

  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 9
Total Occupancy: 88.0 %
Average MH Lot Rent: $0
Size: 1.3 acre(s)

Financial Information (Pro Forma)

Gross Income $74,640
Operating Expense $6,724
Net Operating Income $67,915
Expense Ratio 9.0 %
Debt Info

Lot Information

Singlewide Lots: 9

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $790