Mobile Home Park Details
- Cap Rate: 9.4%
- Listing ID: 1449145
- Posted On: Jun 1, 2021
- Updated On: Dec 21, 2021
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 % |
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 |
