Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.0%
- Listing ID: 107318
- Posted On: Oct 25, 2011
- Updated On: Oct 18, 2013
Description
JUST REDUCED!!! 20 unit MOBILE HOME PARK with 10 park owned homes and 10 lot rentals. All park owned homes include range/oven, refrigerator, and washer /dryer.... each lot has individually metered water.Lot rentals are $170 monthly and home rentals range from $350-$450.This parcel contains 5.88 acres. Call office for more details...rent rolls, expenses,and total income for park. No sign....call office for showing instructions. Priced at $329,900.
Location
Hwy US 70W to Kirskey Dr., turn right and follow to Amherst Rd., turn right and travel approx. 1 mile. Mobile home park will be on your left.NO SIGN!!!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 97.0 % |
| Average MH Lot Rent: | $170 |
| Size: | 6 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $69,000 |
| Operating Expense: | $9,219 |
| Net Operating Income: | $59,781 |
| Expense Ratio: | 13.4 % |
Lot Information
| Singlewide Lots: | 20 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $400 |
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