Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.9% (Pro Forma)
- Listing ID: 1300909
- Posted On: Aug 5, 2020
- Updated On: Dec 2, 2020
Description
10 pad park with 8 tenant owned homes on site and two vacant lots. All public utilities with owner currently paying water and sewer. Contact Listing Broker for OM and additional details.
Location
Mobile home park in Clarion, IA. Commuting distance to both the Fort Dodge and Webster City metros.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1977 |
| Average MH Lot Rent: | $325 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $31,200 |
| Operating Expense: | $13,414 |
| Net Operating Income: | $17,786 |
| Expense Ratio: | 43.0 % |
Lot Information
| Singlewide Lots: | 10 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $325 |
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