Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 10.0%
- Listing ID: 1265207
- Posted On: Jun 3, 2020
- Updated On: Feb 18, 2021
Description
Awesome 27 Space Mobile Home Park in Growing Oak Harbor Washington *9.5 Acres on Private Water and Septic System *Approximately 1 Mile to US Naval Air Base Whidbey Established in 1942 * Oak Harbor Averages Just 21 Inches of Yearly Rainfall *$227,100 Yearly Gross Proforma With Vacancies Filled and Small Rent Increase * Net Proforma and Actual Based on 28% Expenses Are $112,752 and $163,512 *7.04 and 10.02 Caps * Don't Miss Out on This Great Opportunity to Own an Awesome Mobile Home Park Investment in Sunny Oak Harbor Washington
Location
Northwest of Downtown Oak Harbor just west and south of the Naval Air Base
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 27 |
| Total Occupancy: | 78.0 % |
| Year Built: | 1974 |
| Average MH Lot Rent: | $700 |
| Size: | 10 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $227,100 |
| Operating Expense: | $63,588 |
| Net Operating Income: | $163,512 |
| Expense Ratio: | 28.0 % |
| Debt Info: | 0 |
Lot Information
| Singlewide Lots: | 25 |
| Doublewide Lots: | 2 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 26 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 25 |
| Average Rent for Park-owned Homes: | $700 |
