Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.3% (Actual)
- Listing ID: 1614867
- Posted On: Mar 1, 2022
- Updated On: Oct 26, 2022
Description
24 Licensed Lots
6 Acres
6 Owner Occupied Lots @ 250avg
15 Park Owned @ 475avg
1 House @ 1100 3bd
1 House @ 700
4 Car Garage
3 Park Owned being rehabbed
3 Vacant Homes
1 Vacant Lot
City Water/WWTP Sewer
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $250 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $131,700 |
| Operating Expense: | $36,953 |
| Net Operating Income: | $94,747 |
| Expense Ratio: | 28.1 % |
| Debt Info: | CAP rate is based on Lot Rent |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $475 |
