Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Listing ID: 1681578
- Posted On: Jun 2, 2022
- Updated On: Aug 31, 2022
Description
Sites Total: 13
Storage Sites 26
(only 2 vacant)
*Resident Homes Average - $250/MO *Storage - $75
On Site Manager, However, Park can operate without.
City Water/City Sewer
13 Fully occupied tenant owned homes- direct billed for water/sewer/electricity/gas
100% Occupancy – Utilities directly billed to tenant.
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Park Information
| Community Type: | All Age |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $58,584 |
| Operating Expense: | $10,650 |
| Net Operating Income: | $47,934 |
| Expense Ratio: | 18.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
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