Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.2%
  • Listing ID: 1736646
  • Posted On: Aug 16, 2022
  • Updated On: Feb 16, 2023

Description

Rare mobile home park available for sale in New Castle. Situated on
2.43 acres featuring 11 apartments units and 38 mobile home lots (all tenant owned homes). Connected to public water and sewer this property is fully stabilized and ready for a new owner.

Location

Located close to public transportation and near major routes

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Park Information

Community Type: All Age
Number of MH Lots: 38
Total Occupancy: 100.0 %
Average MH Lot Rent: $500
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income: $310,800
Operating Expense: $89,178
Net Operating Income: $221,621
Expense Ratio: 28.7 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City