Contact Information

Ron Pillay

Junron Estate

Mobile Home Park Details

  • Price: $895,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 14.8%
  • Property ID: 1153259
  • Posted On: Nov 6, 2019
  • Updated On: Jul 10, 2020

Property Description

34 SITES WITH 32 MOBILE HOMES ON 7.5 ACRES WITH CITY WATER AND TWO HOMES PER SEPTIC

we have 34 sites of which 32 is occupied with a rental income of $14430.00 monthly gross .
$895000.00 with 70% financing.
https://sites.google.com/site/junronestates/home

Location

https://www.tripadvisor.com/Tourism-g106178-Tahlequah_Oklahoma-Vacations.html

https://sites.google.com/site/junronestates/home

https://www.tourtahlequah.com/
http://www.city-data.com/city/Tahlequah-Oklahoma.html

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Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 100.0 %
Year Built: 1985
Average MH Lot Rent: $295
Size: 8 acre(s)

Financial Information (Actual)

Gross Income $173,160
Operating Expense $40,976
Net Operating Income $132,183
Expense Ratio 23.7 %
Debt Info seller 70% LTV

Lot Information

Singlewide Lots: 34
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $295

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 32
Average Rent for Park-owned Homes: $450

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