Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 7.9%
- Listing ID: 1700546
- Posted On: Jun 30, 2022
- Updated On: Sep 25, 2022
Description
22 Pad Sites
11 Occupied at $250 / month lot rent
11 Unoccupied (no unit on site) but have all hookups and are ready
City Sewer / City Water
Every pad site individually metered for water, electric and trash
Paved roads
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I have owned the park since 2018
Amenities
- Storage
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Park Information
| Number of MH Lots: | 22 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $250 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $33,000 |
| Operating Expense: | $5,200 |
| Net Operating Income: | $27,800 |
| Expense Ratio: | 15.8 % |
Lot Information
| Singlewide Lots: | 22 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $450 |