Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.2% (Actual)
- Listing ID: 1357351
- Posted On: Nov 17, 2020
- Updated On: Feb 17, 2021
Description
This park has a total of 12 permitted lots. 11 lots have homes -
all homes are owned by the Park. Good income producer.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 12 |
| Total Occupancy: | 99.0 % |
| Year Built: | 2005 |
| Average MH Lot Rent: | $670 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $83,100 |
| Operating Expense: | $5,840 |
| Net Operating Income: | $77,260 |
| Expense Ratio: | 7.0 % |
Lot Information
| Singlewide Lots: | 12 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $670 |
