Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 11.0%
  • Property ID: 1259350
  • Posted On: May 21, 2020
  • Updated On: Nov 12, 2020

Property Description

All age community on 5 acres. 28 pads 8 trailers owned.
80% occupancy. Stable tenants

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Park Information

Number of MH Lots: 28
Total Occupancy: 80.0 %
Year Built: 1991
Average MH Lot Rent: $200
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $50,460
Operating Expense $21,328
Net Operating Income $29,132
Expense Ratio 42.3 %
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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