Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 5.0% (Actual)
- Listing ID: 1385561
- Posted On: Jan 28, 2021
- Updated On: Feb 16, 2021
Description
This is a beautiful 55+ community with 63 spaces
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 63 |
| Total Occupancy: | 100.0 % |
| Year Built: | 19941999 |
| Average MH Lot Rent: | $700 |
| Size: | 12 acre(s) |
Financial Information (Actual)
| Gross Income: | $490,000 |
| Operating Expense: | $90,000 |
| Net Operating Income: | $400,000 |
| Expense Ratio: | 18.4 % |
| Debt Info: | There is a loan that may be assumed with a balance of $3,900,000.00 |
Lot Information
| Doublewide Lots: | 58 |
| Triplewide Lots: | 5 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
