Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 11.5% (Actual)
- Listing ID: 1279814
- Posted On: Jun 29, 2020
- Updated On: Sep 22, 2020
Description
Mostly Rental Park with Owner Occupied Homes!
City Water and Sewer!
Water partially billed back to tenants.
Great Net Operating Income!
Lot Rent not Increased in 5 years!
Seller Financing Available!
HAVE A PARK TO SELL?
Frank - BIRCH REALTY 727-592-2418
Location
Somewhere in IL
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 37 |
| Total Occupancy: | 84.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $150 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $126,064 |
| Operating Expense: | $59,507 |
| Net Operating Income: | $66,557 |
| Expense Ratio: | 47.2 % |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 28 |
| Average Rent for Park-owned Homes: | $375 |
