Contact Information

Shelley Finely

finley properties

Mobile Home Park Details

  • Price: $300,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.3%
  • Property ID: 1160822
  • Posted On: Dec 3, 2019
  • Updated On: Jan 14, 2020

Property Description

city sewer in use, city water available, 9 mobile home pads and a duplex. total income $4000 a month. All homes tenant owned. Pad rent: $325 a month. Apartment $600 and $425. Expenses low. Long term tenants.

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Park Information

Community Type: 55 And Over
Number of MH Lots: 9
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $325
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $48,000
Operating Expense $8,969
Net Operating Income $39,000
Expense Ratio 18.7 %
Debt Info

Lot Information

Singlewide Lots: 9

RV Information

Average RV Lot Rent: $325

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $500

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