Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.4%
- Listing ID: 1369783
- Posted On: Dec 17, 2020
- Updated On: May 23, 2022
Description
This park has 28 mh units & 1 2/1 house. All units have been rehabbed in the last 3 years except the house. The house needs about $15k rehab to rent. This is a class B park & value is in cash flow. No code violations or liens. All licenses are current. Cap Rate is 12%+. Priced to sell quick to serious investor only. Prequal required with all offers. Minimum $50,000 escrow. No repackaging allowed.
Location
North Combee Road to Tenoroc Mine Rd. (R). Property on right.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 29 |
| Total Occupancy: | 99.0 % |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $205,666 |
| Operating Expense: | $44,713 |
| Net Operating Income: | $160,952 |
| Expense Ratio: | 21.7 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
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