Contact Information

Mobile Home Park Details

  • Price: $750,000
  • Cap Rate: 9.3%
  • Property ID: 1340842
  • Posted On: Oct 15, 2020
  • Updated On: Apr 27, 2021

Property Description

-Day One Cap Rate of 9.27 Percent
-Stable Tenant Base, Some Residents Pay Annually or Biannually
-All Lot Rents and Tenants Pay All Their Own Utilities
-Over 2,000 Feet of New Water Lines Along with New Meters at Each Lot Were Installed in Late 2018

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Park Information

Number of MH Lots: 59
Year Built: 1951
Size: 19 acre(s)

Financial Information (Actual)

Gross Income $106,800
Operating Expense $16,055
Net Operating Income $69,541
Expense Ratio 15.0 %
Debt Info

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