Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0% (Actual)
- Listing ID: 1338028
- Posted On: Oct 9, 2020
- Updated On: Jan 16, 2021
Description
Andrews Trailer Park. Total of 8 lots plus one 1,800 sf house.
7 park-owned mobile homes , 1 private-owned mobile home - all fully leased on the property.
Utilities:
Water - City - Paid by Tenant
Sewer System - City - Paid by Tenant
Electric - City - Paid by Tenant
Gas - City - Paid by Tenant
Trash/Garbage: Curbside, Private, Paid by Park
Lawn Care: Paid by Park
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 8 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1946 |
| Average MH Lot Rent: | $250 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $45,600 |
| Operating Expense: | $14,400 |
| Net Operating Income: | $31,200 |
| Expense Ratio: | 31.6 % |
| Debt Info: | No Debt |
Lot Information
| Singlewide Lots: | 8 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $525 |
