Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.8% (Pro Forma)
- Listing ID: 1359765
- Posted On: Nov 23, 2020
- Updated On: May 26, 2021
Description
JTACR is pleased to have the opportunity to present Pine Valley Mobile Home Community For Sale.
This opportunity consists of a 52 unit community, offering City services and the opportunity to increase occupancy.
Contact JTACR for full packet, financial analysis, and location specifics.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 52 |
| Total Occupancy: | 88.0 % |
| Year Built: | 1985 |
| Average MH Lot Rent: | $350 |
| Size: | 19 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $177,744 |
| Operating Expense: | $50,586 |
| Net Operating Income: | $120,800 |
| Expense Ratio: | 28.5 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $375 |
