Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.5%
  • Property ID: 1188710
  • Posted On: Feb 9, 2020
  • Updated On: May 4, 2020

Property Description

28 Lot MH Park on 23.73 acres. All lots improved with Well and Septic

Location

I-26 W take Exit 145 right on 601, right on Landfill Rd. Left on Fake Ln, you have arrived

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Park Information

Community Type: All Age
Number of MH Lots: 28
Total Occupancy: 95.0 %
Year Built: 1984
Average MH Lot Rent: $650
Size: 24 acre(s)

Financial Information (Actual)

Gross Income $155,000
Operating Expense $45,800
Net Operating Income $109,200
Expense Ratio 29.5 %
Debt Info N/A

Lot Information

Singlewide Lots: 19
Doublewide Lots: 9
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 20
Average Rent for Park-owned Homes: $650

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