Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

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

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
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Park Information

Number of MH Lots: 9
Total Occupancy: 88.0 %
Average MH Lot Rent: $0
Size: 1 acre(s)

Financial Information (Pro Forma)

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

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

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