Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1189673
- Posted On: Feb 11, 2020
- Updated On: Mar 30, 2020
Description
This park has 27 spaces and is occupied with 25 single wide homes. The majority are tenant owned, but one or two are sold on rent to own contracts.
The space rent is $400 to $425/mo and the park pays for all water, sewer, irrigation and trash which is provided by the city of Lewiston. Tenants pay their own gas/electric.
Park is professionally managed by a local property management company for a fixed percentage of rents.
Owner may finance by carrying a small second.
Amenities
- Storage
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Park Information
| Number of MH Lots: | 27 |
| Total Occupancy: | 92.6 % |
| Year Built: | 1978 |
| Average MH Lot Rent: | $425 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $127,500 |
| Operating Expense: | $40,650 |
| Net Operating Income: | $86,850 |
| Expense Ratio: | 31.9 % |
Lot Information
| Singlewide Lots: | 27 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $650 |