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Smith's Park 48 Penny Lane, Woodford, VT 05201

Expired   Price Reduced  

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Mobile Home Park Details

  • Cap Rate: 12.3% (Actual)
  • Listing ID: 1189580
  • Posted On: Feb 10, 2020
  • Updated On: May 14, 2020

Description

*Long term family owned property
*13% cap rate
*City water
*On-site management
*Turn key operation

Location

Located outside of Bennington, VT

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Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 94.0 %
Year Built: 1960
Average MH Lot Rent: $420
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $105,420
Operating Expense: $32,153
Net Operating Income: $73,267
Expense Ratio: 30.5 %

Lot Information

Doublewide Lots: 16

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 12
Average Rent for Park-owned Homes: $650

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