Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.1%
  • Property ID: 1477838
  • Posted On: Jul 15, 2021
  • Updated On: Jul 28, 2021

Property Description

23 Acres
103 Licensed Lots
56 Owner Occupied Lots @ $300
3 Park Owned
43 Vacant Lots
1 Storm Shelter
1 Home (Needs rehab)

City Water/City Sewer
Park pays Utilities

*Potential Zoning for 32 more lots*

Have a Park to Sell ?
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Contact Frank at 727-592-2418
info@birchrealty.com

Location

Fairfield is a city in, and the county seat of, Jefferson County, Iowa with a population of 10,290. Furthermore, Leisure Living is a very nice community. Easy access, close to the new superhighway and the new Super Wal-Mart. Concrete streets , carports, awnings and decks are allowed and a lot of residence have them. Post office boxes are available on site.

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Park Information

Community Type: All Age
Number of MH Lots: 103
Total Occupancy: 55.0 %
Year Built: 1979
Average MH Lot Rent: $300
Size: 23 acre(s)

Financial Information (Actual)

Gross Income $201,600
Operating Expense $51,971
Net Operating Income $149,621
Expense Ratio 25.8 %
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 56

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