Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.0% (Actual)
- Listing ID: 1537321
- Posted On: Oct 15, 2021
- Updated On: May 9, 2025
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 % |
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 |
