Contact Information

John Andrews

JRANDM LLC

Mobile Home Park Details

  • Price: $312,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Property ID: 1338028
  • Posted On: Oct 9, 2020
  • Updated On: Oct 12, 2020

Property 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

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