Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 6.5%
- Listing ID: 1435551
- Posted On: May 8, 2021
- Updated On: Jun 8, 2021
Description
15 Space MHP plus 3 Apartments
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Total Occupancy: | 100.0 % |
| Year Built: | 1949 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $241,620 |
| Operating Expense: | $79,990 |
| Net Operating Income: | $161,630 |
| Expense Ratio: | 33.1 % |
| Debt Info: | Assume $1,480,000 1st at 4.25% fixed for 5 years, due in 15. |
Lot Information
| Singlewide Lots: | 12 |
| Park Model Lots: | 3 |
RV Information
| Number of RV Lots: | 3 |
| Average RV Lot Rent: | $865 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $1,290 |