Photo of Mobile Home Parks
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0% (Actual)
- Listing ID: 132874
- Posted On: Apr 11, 2012
- Updated On: Apr 16, 2013
Description
Lots: 63
Park Owned Homes are all being sold on an LTO.
Location
West End Mobile Home Park is conveniently located close to downtown Hopkinsville. Hopkinsville is a growing community located between Nashville, Louisville, and St. Louis. The property is quiet and clean, and has a strong demand due to job and population growth.
-Population increase of 8% over the last ten years
-Strong Market Demand
-Stable market
-Future job growth of 30%
-Low Market Vacancy
-Located in the top school district
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 63 |
| Total Occupancy: | 88.0 % |
| Year Built: | 1985 |
| Average MH Lot Rent: | $250 |
Financial Information (Actual)
| Gross Income: | $169,980 |
| Operating Expense: | $67,992 |
| Net Operating Income: | $102,000 |
| Expense Ratio: | 40.0 % |
Lot Information
| Singlewide Lots: | 63 |
RV Information
| Average RV Lot Rent: | $350 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 26 |
| Average Rent for Park-owned Homes: | $495 |