Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.0%
- Listing ID: 1537321
- Posted On: Oct 15, 2021
- Updated On: Mar 28, 2023
Description
Very nice community and retail center being marketed together 90% plus occupancy at both properties. City services and impeccable management.
Location
Confidential mixed use package
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Park Information
Community Type: | All Age |
Number of MH Lots: | 30 |
Total Occupancy: | 95.0 % |
Average MH Lot Rent: | $400 |
Financial Information (Actual)
Gross Income | $337,000 |
Operating Expense | $90,000 |
Net Operating Income | $247,000 |
Expense Ratio | 26.7 % |
Debt Info |
Lot Information
Singlewide Lots: | 30 |
Doublewide Lots: | 6 |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 8 |
Average Rent for Park-owned Homes: | $600 |