Mobile Home Park Details

  • Cap Rate: 9.4%
  • Property ID: 1449145
  • Posted On: Jun 1, 2021
  • Updated On: Dec 21, 2021

Property Description

*20 Sites
*Well and Septic (Upgraded Systems)
*6 Tenant Owned Homes
*6 Park Owned Homes
*3 Vacant Lots
*2 Undeveloped Lots
*3 Park Owned Homes Being Remodeled
*On-Site Park Manager

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Park Information

Number of MH Lots: 20
Total Occupancy: 66.9 %
Year Built: 1970
Average MH Lot Rent: $290
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $59,940
Operating Expense $31,714
Net Operating Income $28,226
Expense Ratio 52.9 %
Debt Info

Lot Information

Singlewide Lots: 20

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $675

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