Contact Information

Jim Tucker

tucker properties, inc

Mobile Home Park Details

  • Price: $3,650,000
  • Purchase Method: Cash
  • Cap Rate: 4.4%
  • Property ID: 1474560
  • Posted On: Jul 9, 2021
  • Updated On: Jul 9, 2021

Property Description

97 subdivided lots
45 rentals
5 owner occupied
39 acres
Office & Maintenance Bldg

Location

In Cabot school district 3 miles from schools

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Park Information

Community Type: All Age
Number of MH Lots: 97
Total Occupancy: 52.0 %
Year Built: 1995
Average MH Lot Rent: $200
Size: 39 acre(s)

Financial Information (Actual)

Gross Income $219,840
Operating Expense $57,530
Net Operating Income $162,310
Expense Ratio 26.2 %
Debt Info

Lot Information

Triplewide Lots: 97
Park Model Lots: 5

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 45
Average Rent for Park-owned Homes: $550