Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 5.0% (Actual)
- Listing ID: 1466797
- Posted On: Jun 28, 2021
- Updated On: Sep 1, 2021
Description
117 Lot Mobile Home Park on 35 acres a mixture of tenant owned homes and some park owned homes. Paved streets, city water and sewer. 2 miles from new asphalt distribution plant and a few miles from what will be a new 160,000 sq ft cryptocurrency data center there in town.
Location
Located between a brand new Holiday Inn Express Hotel, and the local St. Joseph's Hospital.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 117 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $190 |
| Size: | 35 acre(s) |
Financial Information (Actual)
| Gross Income: | $111,000 |
| Operating Expense: | $80,000 |
| Net Operating Income: | $30,000 |
| Expense Ratio: | 72.1 % |
Lot Information
| Singlewide Lots: | 100 |
| Doublewide Lots: | 17 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $170 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 20 |
| Average Rent for Park-owned Homes: | $450 |
