Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.7%
- Listing ID: 1905987
- Posted On: Oct 10, 2022
- Updated On: Jan 9, 2023
Description
Rarely available mobile home park for sale in Dover. Situated on 3.7 acres featuring 22 mobile home lots (all tenant owned homes). Connected to public water and sewer this property has 8 vacant lots and has great value add potential.
Location
Dover, DE
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 63.6 % |
| Average MH Lot Rent: | $496 |
| Size: | 4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $132,622 |
| Operating Expense: | $37,353 |
| Net Operating Income: | $95,269 |
| Expense Ratio: | 28.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
