Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0% (Actual)
- Listing ID: 13008
- Posted On: Jun 2, 2010
- Updated On: Nov 18, 2011
Description
In the heart of the Bakken Oil formation, Dickinson is a thriving community struggling to accommodate the influx of new families moving in. This park has 159 -55�x110’ lots, paved streets, street lighting, city water and sewer, mature trees and is very conveniently located.
Seller will NNN leaseback (No expenses with NNN leaseback) from buyer at 10% return or sell outright providing we can continue to rent our park owned home lots. All lots are individually deeded for home/lot packages should buyer desire. Seller would turn over park to buyer or continue managing it for a fee.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 159 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $425 |
Financial Information (Actual)
| Gross Income: | $612,000 |
| Net Operating Income: | $612,000 |
| Debt Info: | 2300000 |
Utility Information
| Water: | City |
| Sewer: | City |