Contact Information
Mobile Home Park Details
- Price: $595,000
- Purchase Method: Cash, Seller Financing
- Cap Rate: 10.0%
- Property ID: 1395246
- Posted On: Feb 18, 2021
- Updated On: Jun 24, 2021
Property Description
Seller Financing may be available!
24 Lots, Up to 50 Total Possible with Expansion
6 Acres!
12 Park Owned @ 475
6 Owner Occupied Lots @ 250
5 Park Owned- small rehab
1 Vacant Lot
1 House @ 900
1 House @ 325
4 Car Garage
HAVE A PARK TO SELL?
Frank - BIRCH REALTY - 727-592-2418
Location
Wakeman Ohio
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1950 |
| Average MH Lot Rent: | $363 |
| Size: | 3 acre(s) |
Financial Information
| Gross Income | $97,200 |
| Operating Expense | $30,953 |
| Net Operating Income | $66,247 |
| Expense Ratio | 31.8 % |
| Debt Info |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $475 |
