Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 7.1%
- Listing ID: 1683986
- Posted On: Jun 3, 2022
- Updated On: Aug 24, 2022
Description
Here is a 33 lot mobile home community with very low
maintenance, offering opportunity to add value through
market rate rents, sub metering/billing back for utilities and
adding/moving in a home on one vacant lot available. This
community offers hard surface streets with city water utility
which is currently included in the lot rent. Each resident is
billed directly for electric and gas.
Location
Beautiful Country setting just on the outskirts of Des Moines with a horse pasture next door.
Amenities
- Pool
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 97.0 % |
| Average MH Lot Rent: | $400 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $165,000 |
| Operating Expense: | $63,100 |
| Net Operating Income: | $102,500 |
| Expense Ratio: | 38.2 % |
Lot Information
| Singlewide Lots: | 32 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
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