Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 12.5% (Actual)
- Listing ID: 1543515
- Posted On: Oct 26, 2021
- Updated On: Feb 4, 2022
Description
Cole's MHP -
Property is 100% Occupied,
11 Licensed Lots
11 Rentals @ $315Avg
Large Building with Duplex Upstairs- $535Avg
Bakery Downstairs- $600
Efficiency Motel
9 Rooms-$400Avg – 100% Occupied
Additional Cash Income:
Laundry Room-$450Avg per month
City Water/City Sewer
Park Pays-Water, Master Metered
Tenants Pay – Electrical, Gas, Cable
(Except for Efficiency Hotel)
Location
Grand Lake-0.2 Miles Away, On Busy Commercial Street with Shops and Stores.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Total Occupancy: | 100.0 % |
| Year Built: | 1959 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $104,400 |
| Operating Expense: | $35,765 |
| Net Operating Income: | $68,635 |
| Expense Ratio: | 34.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
