Mobile Home Park Details

  • Cap Rate: 10.1%
  • Property ID: 13116
  • Posted On: Jun 2, 2010
  • Updated On: Oct 19, 2010

Property Description

Only selling to move some money into another investment. Have 4 other parks that could be sold but I only want to sell one. All on city utilities. Park in Volga is near Brookings (2 miles) and is easy to rent out vacant homes. Large cold storage building (50x80). Great manager that runs another park of mine will stay on if desired.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 45
Total Occupancy: 94.0 %
Average MH Lot Rent: $135

Financial Information

Net Operating Income $77,000
Debt Info

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $475