Contact Information

Mobile Home Park Details

  • Price: $1,150,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 7.0%
  • Property ID: 1354023
  • Posted On: Nov 10, 2020
  • Updated On: Dec 7, 2020

Property Description

31 Units Park with 28 Mobile Spaces and 3 stick Built Homes.
$145,000-$150,000 Gross Proforma Income. $80,000 Performa NOI. Below Market Rents. Public Water and Sewer

Location

Within City Limits

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Park Information

Community Type: All Age
Number of MH Lots: 31
Total Occupancy: 80.0 %
Year Built: 1938
Average MH Lot Rent: $420
Size: 1 acre(s)

Financial Information (Pro Forma)

Gross Income $150,000
Operating Expense $70,000
Net Operating Income $80,000
Expense Ratio 46.7 %
Debt Info

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $900

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