Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 13.6%
- Listing ID: 1438539
- Posted On: May 13, 2021
- Updated On: Aug 17, 2021
Description
Great location on this simple money maker! 5 minutes from grocery/convernience store. 30 minutes from arch! All 17 park-owned units with high occupancy rate. Many units upgraded in last year. Public sewer/ park-owned water system. Includes 30x40 metal building with 200 amp service, concrete floor and high bay warehouse lights that could be rented out. Underground electric service to each unit with 200 amp service.
Location
Northern Jefferson County
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 17 |
| Total Occupancy: | 88.0 % |
| Year Built: | 1977 |
| Average MH Lot Rent: | $639 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $130,320 |
| Operating Expense: | $38,650 |
| Net Operating Income: | $91,675 |
| Expense Ratio: | 29.7 % |
Lot Information
| Singlewide Lots: | 16 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 17 |
| Average Rent for Park-owned Homes: | $639 |
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