Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 9.9% (Actual)
- Listing ID: 16433
- Posted On: Sep 16, 2010
- Updated On: Oct 19, 2010
Description
100 Space Mobile Home Park inclusive of a 3,200 sq. ft. home and 10 mobile homes. All city utilties. Gas & Electric are directly metered to tenants. Park pays water, sewer, trash. Long term on site management. Historically strong occupancy.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 100 |
| Total Occupancy: | 92.0 % |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $296 |
| Operating Expense: | $123 |
| Net Operating Income: | $172 |
| Expense Ratio: | 41.6 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $450 |