Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.0% (Pro Forma)
- Listing ID: 1919503
- Posted On: Oct 25, 2022
- Updated On: Nov 4, 2022
Description
Great Investment-Mobile home park with 9 mobile homes 1 house and 1 RV. This property is tucked away just off hunter Rd and sits on 4.251 total acres. There are two Tracts- R11745 and R53970. It also has two wells and all units are city sewer, electric. Unit mix/ 2/2-(2); 3/2-(7); 4/2-(1); 1/1-(1) Total Rent-$11,575 a month. All units are leased.
Location
South on Hunter Rd right on Dixon left on Hofheinz. First set of Mobile homes.
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Park Information
| Number of MH Lots: | 11 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2002 |
| Size: | 4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $138,900 |
| Operating Expense: | $60,671 |
| Net Operating Income: | $75,451 |
| Expense Ratio: | 43.7 % |
Lot Information
| Singlewide Lots: | 10 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $625 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
| Average Rent for Park-owned Homes: | $1,100 |
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