Mobile Home Park Details
- Cap Rate: 8.0%
- Property ID: 1126520
- Posted On: Aug 27, 2019
- Updated On: Jan 16, 2020
Property Description
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• Well kept community with pride of ownership
• Turnkey investment opportunity with majority lot rentals
• Lot and home rental rates below market
• Quickly add-value by filling 7 vacant sites
• Mix of double and single wide homes
• Newly paved roads
• New water treatment plant
• Close proximity to the state capital of Columbus
• Easy access to major highways
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 103 |
| Total Occupancy: | 93.0 % |
| Average MH Lot Rent: | $317 |
Financial Information (Pro Forma)
| Gross Income | $453,853 |
| Operating Expense | $165,954 |
| Net Operating Income | $287,899 |
| Expense Ratio | 36.6 % |
| Debt Info |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
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