Mobile Home Park Details
- Cap Rate: 12.0%
- Listing ID: 1315985
- Posted On: Aug 31, 2020
- Updated On: Jun 16, 2021
Description
* Excellent property condition
* Long term ownership
* Spaced out sites
* Mobile homes in very good condition
* Lot rents below market
* 100% occupied
* Well water for water system
* Septic tanks for sewer system
* Overall excellent value
* Pull barn for storage
Location
Located outside of Utica/Rome. 60 minutes from Syracuse.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $310 |
| Size: | 20 acre(s) |
Financial Information (Actual)
| Gross Income: | $103,200 |
| Operating Expense: | $37,157 |
| Net Operating Income: | $66,043 |
| Expense Ratio: | 36.0 % |
Lot Information
| Doublewide Lots: | 15 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $675 |
