Contact Information

Mark Huggans

AVAST REALTY LLC ORANGE BEACH AL

Mobile Home Park Details

  • Price: $570,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.2%
  • Property ID: 1357351
  • Posted On: Nov 17, 2020
  • Updated On: Nov 17, 2020

Property Description

This park has a total of 12 permitted lots. 11 lots have homes -
all homes are owned by the Park. Good income producer.

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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 %
Debt Info

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

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