Contact Information

Mobile Home Park Details

  • Price: $575,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 11.5%
  • Property ID: 1279814
  • Posted On: Jun 29, 2020
  • Updated On: Jul 1, 2020

Property 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 %
Debt Info

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

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