Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 10.0%
- Listing ID: 19159
- Posted On: Jan 17, 2011
- Updated On: May 4, 2013
Description
This property is a great investment for the size and location. Seller is motivated. 16 acres with 108 park owned homes. Half of the houses are 3b/2b new units ( 2007-2008) and the other half is misc. sizes. There are 2 sewer treatment plants and city water. It is one of the largest parks located in a great area with excellent schools.
Location
30715 Burgess Rd. 5 miles north of the Hwy. 190
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 112 |
| Total Occupancy: | 90.0 % |
| Year Built: | 2006 |
| Size: | 16 acre(s) |
Financial Information (Actual)
| Gross Income: | $49 |
| Operating Expense: | $32 |
| Net Operating Income: | $17,395 |
| Expense Ratio: | 65.3 % |
Lot Information
| Singlewide Lots: | 110 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 108 |
| Average Rent for Park-owned Homes: | $650 |
