Mobile Home Park Details
- Cap Rate: 10.0% (Actual)
- Listing ID: 1440314
- Posted On: May 17, 2021
- Updated On: Oct 2, 2021
Description
Hummingbird Acres MHP was built in 2006, is situated on 15+/- Acres, and is licensed for 22 sites. There is also plenty of room to expand on existing land. There are 20 Owned Homes, 1 financed home, and management on site. The lots are approximately a 1/2 acre and can accommodate doublewides. Many recent updates throughout and is fully occupied!
Location
Great location, room to expand, level lots, can accommodate double wide homes
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2006 |
| Average MH Lot Rent: | $760 |
| Size: | 15 acre(s) |
Financial Information (Actual)
| Gross Income: | $190,236 |
| Operating Expense: | $77,518 |
| Net Operating Income: | $112,718 |
| Expense Ratio: | 40.7 % |
Lot Information
| Singlewide Lots: | 21 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 21 |
| Average Rent for Park-owned Homes: | $760 |
