Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.0% (Actual)
- Listing ID: 1457812
- Posted On: Jun 14, 2021
- Updated On: Jan 14, 2022
Description
28 lots
19 rentals
8 rv lots
24 storage units
Location
Only mhp in Batesville city limits
Amenities
- Laundromat
- Storage
- Club House
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 28 |
| Total Occupancy: | 96.0 % |
| Average MH Lot Rent: | $150 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $77,083 |
| Operating Expense: | $25,397 |
| Net Operating Income: | $51,665 |
| Expense Ratio: | 32.9 % |
RV Information
| Number of RV Lots: | 8 |
| Average RV Lot Rent: | $350 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 19 |
| Average Rent for Park-owned Homes: | $400 |
