Contact Information

Mobile Home Park Details

  • Price: $629,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.0%
  • Property ID: 1395246
  • Posted On: Feb 18, 2021
  • Updated On: Feb 26, 2021

Property Description

Possible Owner Financing!

24 Lots, Up to 50 Possible with 3 Extra Acres

6 Owner Occupied Lots @ 250
12 Park Owned @ 475
1 House @ 900
1 House @ 325
4 Car Garage

5 Park Owned being rehabbed

HAVE A PARK TO SELL?

Frank - BIRCH REALTY - 727-592-2418

Location

Wakeman Ohio

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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

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