Contact Information

Mobile Home Park Details

  • Price: $1,300,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Property ID: 1239198
  • Posted On: Apr 6, 2020
  • Updated On: Apr 21, 2020

Property Description

SMALL PARK PORTFOLIO

Location

RURAL PA

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Park Information

Community Type: All Age
Number of MH Lots: 97
Total Occupancy: 70.0 %
Year Built: 1960
Average MH Lot Rent: $280
Size: 20 acre(s)

Financial Information (Actual)

Gross Income $220,000
Operating Expense $130,000
Net Operating Income $90,000
Expense Ratio 59.1 %
Debt Info

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: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $150

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