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 |
