Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1919493
- Posted On: Oct 25, 2022
- Updated On: Jan 30, 2023
Description
Well maintained 19 space park, lot rents raising to $650 in February.
Location
In a beautiful location, with high end residential developments being built all around. In county, low taxes, overhead.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1973 |
| Average MH Lot Rent: | $650 |
| Size: | 5 acre(s) |
Financial Information
| Gross Income: | $150,000 |
| Operating Expense: | $30,000 |
| Net Operating Income: | $120,000 |
| Expense Ratio: | 20.0 % |
Lot Information
| Singlewide Lots: | 19 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $800 |