Mobile Home Park Details
- Cap Rate: 10.9%
- Listing ID: 1346369
- Posted On: Oct 26, 2020
- Updated On: Oct 20, 2021
Description
Big Cedar MHC consists of 47 approved home spaces situated on 8.817 acres of land, with room for 3 additional sites (subject to county approval). The property is serviced by city water and a waste treatment plant.
Seller can carry a 240k note for the right buyer. Note would be secured by the mobile home inventory.
Check out www.buythispark.com for instant access to all due diligence material.
A new operator has the ability to renovate the vacant park owned homes and bring in homes and fill the vacant sites.
• City Water, Submetered. Flat Fee Paid by Residents
• Quality Park Owned Homes
• Opportunity to Increase Occupancy By Renovating Homes & Bringing in New Homes
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 47 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1974 |
| Average MH Lot Rent: | $290 |
| Size: | 9 acre(s) |
Financial Information
| Gross Income: | $208,117 |
| Operating Expense: | $77,849 |
| Net Operating Income: | $130,268 |
| Expense Ratio: | 37.4 % |
Lot Information
| Singlewide Lots: | 44 |
| Doublewide Lots: | 3 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Treatment Plant |
