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Mobile Home Park Details
- Purchase Method: New Loan, Assumable Loan
- Cap Rate: 9.1%
- Listing ID: 1694639
- Posted On: Jun 20, 2022
- Updated On: Jun 20, 2022
Description
* Turnkey 13 Pad Mobile Home Park * Actual 9.1 Cap * $255,000
* Located in stunning town of Ashland , Northern with four timber mills
* Enormous shortage of housing in the area
* Upside in rents with renovation and lease up of two vacant homes
* Easy to manage with one street
* Low expenses - tenant pays electric and Water/sewer
* Town utilities
* Beautiful lot by the river on four acres
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 13 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $200 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $34,680 |
| Operating Expense: | $11,163 |
| Net Operating Income: | $23,516 |
| Expense Ratio: | 32.2 % |
| Debt Info: | Assumable or new loan |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 3 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $650 |
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