Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 13.8%
- Listing ID: 1517224
- Posted On: Sep 17, 2021
- Updated On: Dec 16, 2021
Description
13 site mobile home park
12 sites w/mobile homes
9 park owned mobile homes
100 amp electric to each site
Location
Small town, close to interstate, long established park
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $500 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $63,420 |
| Operating Expense: | $8,451 |
| Net Operating Income: | $54,969 |
| Expense Ratio: | 13.3 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 12 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |