Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 8.0%
  • Property ID: 1093152
  • Posted On: Jun 12, 2019
  • Updated On: Aug 12, 2019

Property Description

Togus Pond MHP consist of 21 Pads and there are 20 rented Pads, 3 owned homes that have a lease with option to purchase. The park is situated on 24.4 acres. The park is serviced by a drilled well and septic tanks. Paved Roads throughout the park. Great Investment! Contingent upon the seller being able to complete a 1031 Exchange upon sale.

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Park Information

Community Type: All Age
Total Occupancy: 95.0 %
Year Built: 40
Size: 24 acre(s)

Financial Information

Gross Income $87,499
Operating Expense $24,874
Net Operating Income $62,625
Expense Ratio 28.4 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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