Contact Information

Mobile Home Park Details

  • Price: $9,415,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 4.5%
  • Property ID: 1398022
  • Posted On: Feb 25, 2021
  • Updated On: Feb 25, 2021

Property Description

41 Spaces, 4 apartments, House

Location

Close to schools and shops

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Total Occupancy: 75.0 %
Year Built: 19502020
Average MH Lot Rent: $825
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income $594,000
Operating Expense $170,000
Net Operating Income $424,000
Expense Ratio 28.6 %
Debt Info

Lot Information

Singlewide Lots: 7
Doublewide Lots: 7
Park Model Lots: 27

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

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