Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 6.5% (Actual)
- Listing ID: 1576080
- Posted On: Dec 19, 2021
- Updated On: Mar 4, 2022
Description
Welcome To Windsong A 21 Space Senior Mobile Home Park Community Located In Westport Washington. Awesome Features Including The Following: City Water & Sewer, Separate Water & Power Meters On Each Unit. Current Gross / Net: $124,673.76 / $90,503.76 With Current Cap Rate Of 6.51%. Proforma Gross / Net: $162,713.76 / $128,543.76 With A Cap Rate Of 9.24%. 10 Park Owned Units. Well Maintained Quiet Scenic Setting. Current Rents Well Below Market Rate In The Area. * Don't Miss Out On This Awesome Opportunity To Own A Beautiful Park With Great Upside!
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Park Information
| Number of MH Lots: | 21 |
Financial Information (Actual)
| Gross Income: | $124,674 |
| Operating Expense: | $34,170 |
| Net Operating Income: | $90,504 |
| Expense Ratio: | 27.4 % |
Lot Information
| Singlewide Lots: | 14 |
| Doublewide Lots: | 5 |
Utility Information
| Water: | City |
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