Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 5.8%
- Listing ID: 1726749
- Posted On: Aug 3, 2022
- Updated On: Nov 22, 2022
Description
This is a 40 unit, family park with tremendous upside !
Total three lots, 1 lot 4.15 acre 40 units. 1 lot 2bd/1ba house. 1 lot 6.5 acre vacant land zoned for expansion or other up to 14 units per acre.( approx. 3.5-4 acres usable)
good cash flow. Lot rent will increase to $495 on Nov 1st
Owner retiring
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 40 |
| Total Occupancy: | 92.5 % |
| Year Built: | 1962 |
| Average MH Lot Rent: | $475 |
| Size: | 12 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $230,833 |
| Operating Expense: | $100,533 |
| Net Operating Income: | $130,300 |
| Expense Ratio: | 43.6 % |
| Debt Info: | Existing Loan |
Lot Information
| Singlewide Lots: | 39 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $475 |
