Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 5.0%
  • Property ID: 1354006
  • Posted On: Nov 10, 2020
  • Updated On: Feb 18, 2021

Property Description

117 Lot Mobile Home Park on 35 acres in Murphysboro, situated between St. Joseph Memorial Hospital and a brand new Holiday Inn Express.

Location

Situated between St. Joseph Memorial Hospital and a brand new Holiday Inn Express.

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Park Information

Community Type: All Age
Number of MH Lots: 117
Total Occupancy: 47.0 %
Year Built: 1960
Average MH Lot Rent: $226
Size: 35 acre(s)

Financial Information (Actual)

Gross Income $12,000
Operating Expense $8,000
Net Operating Income $4,000
Expense Ratio 66.7 %
Debt Info

Lot Information

Singlewide Lots: 117

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 20
Average Rent for Park-owned Homes: $226

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