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 |
