Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 12.3% (Actual)
- Listing ID: 1333240
- Posted On: Oct 1, 2020
- Updated On: Dec 27, 2020
Description
3 unit mobile home park with room to expand to a total of 6 units. All units are parked owned and fully rented for 450.00 each for a total income of 1350.00/month. Park sits on 1.8 acres and has city water/septic. 2 units are 1996 14x60 3bed/2bath. 1 unit is 1995 14x70 3bed/1bath. Tenants mow their own yards. Park pays water, trash.
Location
10 miles to Walmart super center. 9.1 miles to Tyson plant which is a major area employer.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 3 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1996 |
| Average MH Lot Rent: | $450 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $1,350 |
| Operating Expense: | $170 |
| Net Operating Income: | $1,119 |
| Expense Ratio: | 12.6 % |
Lot Information
| Singlewide Lots: | 6 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $450 |
