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
- Cap Rate: 8.0%
- Listing ID: 1093168
- Posted On: Jun 12, 2019
- Updated On: Aug 12, 2019
Description
Serenity Gardens MHP is licensed for 23 Pads and there are 13 rented pads, and 1 vacant home that the owner will sell for $27,500 as a lease with option. The seller believes that the park can only fit 14 pads in the park. The park is serviced by public water and public sewer and paid by the tenants. The park is in a great area with paved roads and sits on 3.44 acres. Great Investment!
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 14 |
| Total Occupancy: | 95.0 % |
| Average MH Lot Rent: | $320 |
| Size: | 3 acre(s) |
Financial Information
| Gross Income: | $48,660 |
| Operating Expense: | $15,065 |
| Net Operating Income: | $33,594 |
| Expense Ratio: | 31.0 % |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
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