Contact Information
Jon Swenson
Mobile Home Park Details
- Price: $1,800,000
- Purchase Method: Cash, New Loan
- Cap Rate: 7.8%
- Property ID: 1374267
- Posted On: Jan 2, 2021
- Updated On: Jan 2, 2021
Property Description
16 units, each unit is on roughly 5 acres.
14 of the units are park owned. 1 RV spot.
1 pad rental.
Water is $500 a month
Trash is $400 a month
Tenants pay their own electric and propane.
The units are all older, but in very high demand. Each 5 acre lots is fenced and many tenants have horses, chickens and goats.
Sorry for lack of pictures, I am currently in MX
Location
12 minutes from large grocery stores, restaurants and schools. 25 minutes to downtown Colorado Springs.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $900 |
| Size: | 80 acre(s) |
Financial Information (Actual)
| Gross Income | $170,400 |
| Operating Expense | $30,000 |
| Net Operating Income | $140,400 |
| Expense Ratio | 17.6 % |
| Debt Info |
Lot Information
| Singlewide Lots: | 15 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $450 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $940 |