Contact Information

Paul P

Parks Unlimited LLC

Mobile Home Park Details

  • Price: $145,000
  • Purchase Method: Cash
  • Cap Rate: 11.7%
  • Property ID: 1234271
  • Posted On: Mar 25, 2020
  • Updated On: Mar 30, 2020

Property Description

Rent Roll
#14. $150 lot rent
#13. $450 mobile home rent
#12. $450 mobile home rent
#11. $450 mobile home rent
#10. $450 mobile home rent
#6. $550 mobile home rent
#5. $600 mobile home rent

Park runs off city water and is partially sub-metered.

5 duplexes, 4 singlewides.

Park pays $100 a month and the rest is paid by tenants.

Trash service- one dumpster for park that cost $119 a month. Paid by park.
Trash picks up once a week.

Not all Electric is sub- metered. The few that are not s pass through to the tenants.
There is no gas for the park.

Lawn care is paid by the park and costs $200 a month at the peak of the summer and does not need to be done during the winter.

Septic.

No internet paid by the park.

Location

1.96 Acres
Tax parcel 43-24-01-11-0-000-019.000.

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Park Information

Number of MH Lots: 9
Total Occupancy: 50.0 %
Average MH Lot Rent: $500
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income $37,200
Operating Expense $14,800
Net Operating Income $22,320
Expense Ratio 39.8 %
Debt Info

Lot Information

Singlewide Lots: 9

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $500

Video

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