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
- Cap Rate: 14.0%
- Listing ID: 1140244
- Posted On: Oct 1, 2019
- Updated On: Jan 29, 2020
Description
This an excellent opportunity for a buyer to purchase a community from a long term operator with long term residents. Being nearly occupied with only one vacant lot, the property is very turn key. The property boasts a strong cash flow with nice curb appeal. A great park for entry level investors.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 97.5 % |
| Average MH Lot Rent: | $335 |
| Size: | 7 acre(s) |
Financial Information
| Gross Income: | $149,040 |
| Operating Expense: | $52,241 |
| Net Operating Income: | $96,799 |
| Expense Ratio: | 35.1 % |
Lot Information
| Doublewide Lots: | 18 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $675 |
