Contact Information

Mobile Home Park Details

  • Price: $633,000
  • Cap Rate: 9.9%
  • Property ID: 1146848
  • Posted On: Oct 21, 2019
  • Updated On: Feb 3, 2020

Property Description

*City Water *City Sewer *Natural gas* 55+ * Long term owner * Nice condition * Stabilized * Fully occupied*Excellent turn key opportunity!

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Park Information

Community Type: 55 And Over
Number of MH Lots: 22
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $318
Size: 4 acre(s)

Financial Information

Gross Income $105,840
Operating Expense $43,325
Net Operating Income $62,515
Expense Ratio 40.9 %
Debt Info

Lot Information

Doublewide Lots: 22

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 7

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