Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.2%
  • Listing ID: 1966115
  • Posted On: Jan 4, 2023
  • Updated On: Aug 2, 2023

Description

Sites Total: 62

Rental Homes Owned: 6
Resident Owned Homes: 45

Additional: 2 Commercial Buildings: $1,100 each.
1 Stick built home: 750Mo
Very Close to Rockford Airport!
Amazon and UPS Centers nearby!
Motivated Seller!

Park has: 17 Acres.
Well Water/City Sewer (park pays)

For more info, contact Frank

Info@birchrealty.com
Or call
(727) 592-2418

Location

Rockford has a large population of 150,000 and located an hour outside the large metro of Chicago.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 62
Total Occupancy: 90.0 %
Year Built: 1970
Average MH Lot Rent: $375
Size: 17 acre(s)

Financial Information (Actual)

Gross Income: $300,000
Operating Expense: $94,000
Net Operating Income: $206,000
Expense Ratio: 31.3 %

Utility Information

Water: Well
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $600

Other Listings by Frank Principe