Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1260209
- Posted On: May 25, 2020
- Updated On: Jul 31, 2020
Description
Highly desirable area in a growing location with a strong stable economy.
26 spaces, 19 have homes.
$335/month space rent. Lower than the average in the area.
All 19 homes are owned by the Tenants.
Multiple open lots available for expansion.
Paynesville is 30 min. to St. Cloud or Willmar which are both strong growing economies.
Location
Paynesville, MN
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $335 |
Financial Information (Actual)
| Gross Income: | $88,690 |
| Operating Expense: | $36,763 |
| Net Operating Income: | $51,927 |
| Expense Ratio: | 41.5 % |
Lot Information
| Singlewide Lots: | 24 |
| Doublewide Lots: | 2 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |