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NON DISCLOSED LOCATION Somewhere in Ohio

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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0% (Actual)
  • Listing ID: 1239191
  • Posted On: Apr 6, 2020
  • Updated On: Dec 11, 2023

Description

BEAUTIFUL 200 SITE COMMUNITY IN OHIO SOLID 8 CAP DEAL ZERO PARK OWNED UNITS 70% OCCUPIED

Location

PRIVATE LOCATION NON DISCLOSURE REQUIRED

Amenities

  • Storage
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 200
Total Occupancy: 70.0 %
Year Built: 1970
Average MH Lot Rent: $350
Size: 40 acre(s)

Financial Information (Actual)

Gross Income: $520,000
Operating Expense: $200,000
Net Operating Income: $320,000
Expense Ratio: 38.5 %

Lot Information

Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0

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