Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 1251184
- Posted On: May 4, 2020
- Updated On: Dec 8, 2020
Description
Prime investment for someone interested in low maintenance and management costs.
All utilities are direct billed to the tenant. City W/S/T.
City maintained streets.
Electronic Leases
Online Rent Collection or CashPay through Rent Manager
Tenants upkeep lawns
Completed major capital expenditure from 2018-2020.
High tenant demand
Clean Phase 1 Environmental
Location
Conveniently located close to Walmart, shopping, public transportation, fast food restaurants, etc.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 95.0 % |
| Average MH Lot Rent: | $300 |
Financial Information (Actual)
| Gross Income: | $86,400 |
| Operating Expense: | $18,232 |
| Net Operating Income: | $68,167 |
| Expense Ratio: | 21.1 % |
Lot Information
| Singlewide Lots: | 19 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $253 |