Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.5% (Actual)
- Listing ID: 1234290
- Posted On: Mar 26, 2020
- Updated On: Jun 29, 2020
Description
Quiet, working family park. Long term tenants. 4 Park owned homes. 16 tenant owned homes. On site manager, turn key operation.
Location
Bath, NY
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 90.0 % |
| Average MH Lot Rent: | $330 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $92,635 |
| Operating Expense: | $27,795 |
| Net Operating Income: | $64,840 |
| Expense Ratio: | 30.0 % |
Lot Information
| Singlewide Lots: | 19 |
| Doublewide Lots: | 3 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 22 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $600 |
