Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0% (Actual)
- Listing ID: 1188711
- Posted On: Feb 9, 2020
- Updated On: May 11, 2020
Description
6 Unit turnkey investment, 5 POH, 1 site built home. Great starter community investment. Park is on private well and 1:1 septic tanks, Upgraded driveway and drainage, 4 units 3 bedroom 1 1/2 bath, 1 unit 3 bedroom 2 bath, house is 3 bedroom 2 bath high demand for rentals limited availability
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 6 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2000 |
| Average MH Lot Rent: | $1,200 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $85,800 |
| Operating Expense: | $25,100 |
| Net Operating Income: | $60,700 |
| Expense Ratio: | 29.3 % |
Lot Information
| Singlewide Lots: | 6 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $1,200 |
