Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.0%
  • Listing ID: 1531608
  • Posted On: Oct 7, 2021
  • Updated On: Jan 17, 2022

Description

51 mobile home lots
9 RV lots
10 acres approx
40 x 60 shop with office

Location

In city limits

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 51
Total Occupancy: 97.0 %
Year Built: 19822016
Average MH Lot Rent: $250
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $246,000
Operating Expense: $127,800
Net Operating Income: $128,200
Expense Ratio: 52.0 %
Debt Info: None

Lot Information

Singlewide Lots: 51
Park Model Lots: 9

RV Information

Number of RV Lots: 9
Average RV Lot Rent: $250

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $560