Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 1651287
- Posted On: Apr 20, 2022
- Updated On: Sep 2, 2022
Description
21 Pad Mobile Home Community with 19 tenant owned homes, 1 RTO and 1 POH, making for a very low maintenance and easy to manage mobile Home Community. This community is serviced by well and septic and has extra acreage for possible expansion. $250 pad rent is well under market rent making for easy value add with just rent increase.
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Park Information
| Number of MH Lots: | 21 |
| Total Occupancy: | 100.0 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $250 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $67,800 |
| Operating Expense: | $13,570 |
| Net Operating Income: | $54,230 |
| Expense Ratio: | 20.0 % |
Lot Information
| Singlewide Lots: | 21 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
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