Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.0% (Pro Forma)
- Listing ID: 1535481
- Posted On: Oct 12, 2021
- Updated On: Mar 30, 2022
Description
There are 24 rental locations. The owner owns 20 and rents 4 spaces. Property has 2 wells and is located just off Hwy 57. Many of the renters have been there for several years. Appears to have room for expansion. This is part of 4 parks being sold by owner.
Location
Rural. Not far from Fairystone State Park and Philpott Lake.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 98.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $81,500 |
| Net Operating Income: | $53,000 |
| Debt Info: | Information was determined from all parks he owns and then allotted per mobile home |
Lot Information
| Singlewide Lots: | 24 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
