Contact Information

Mobile Home Park Details

  • Price: $399,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 13.8%
  • Property ID: 1517224
  • Posted On: Sep 17, 2021
  • Updated On: Sep 18, 2021

Property 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

Park-Owned Homes

Number of Park-owned Homes: 9