Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 5.0%
  • Property ID: 1385561
  • Posted On: Jan 28, 2021
  • Updated On: Feb 16, 2021

Property Description

This is a beautiful 55+ community with 63 spaces

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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

Park-Owned Homes

Number of Park-owned Homes: 0

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