Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 1731752
- Posted On: Aug 9, 2022
- Updated On: Nov 8, 2022
Description
We are pleased to bring to market Stonecrest Mobile Home Park! Historically strong NOI, this MHP has multiple value add strategies located in the North College Business Corridor in Fort Collins, CO! Keep the NOI of $117k+ or land bank the 1.8 acre site right on North College Ave (Hwy 287) for future redevelopment while producing a 10+ CAP! Currently, the site consists of 24 park owned homes, 1 SFR rental house, and a storage/shop. The manger of 11+ years is local, professional, and willing to continue managing for a seamless transition to the new owner.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 95.0 % |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $295,029 |
| Operating Expense: | $177,838 |
| Net Operating Income: | $117,190 |
| Expense Ratio: | 60.3 % |
Lot Information
| Singlewide Lots: | 24 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |