Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.0%
- Listing ID: 1180840
- Posted On: Jan 18, 2020
- Updated On: Jan 25, 2020
Description
12 lot mobile home park - all long term tenants.
11 lot rent sites and 1 park owned home
Generates $3,000.00 gross monthly income
Park is only responsible for maintaining well system - which has been fully replaced.
Road within the park was fully paved in November 2019.
Location
Sevier County, Tennessee
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1999 |
| Average MH Lot Rent: | $200 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $36,000 |
| Operating Expense: | $250 |
| Net Operating Income: | $33,000 |
| Expense Ratio: | 0.7 % |
Lot Information
| Singlewide Lots: | 11 |
| Doublewide Lots: | 1 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $600 |