Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.6%
- Listing ID: 207739
- Posted On: Jun 28, 2012
- Updated On: Sep 27, 2012
Description
This is a 125 Unit Mobile Home Park that is completely occupied that sits minutes from Lafayette and is situated near I-10 and consumes nearly 23 acres. Lot rents are being bumped to $200/month. Price does not include any mobile homes. There is city water run to every lot. The listed CAP rate is based on
Location
Conveniently located near I-10 and Lafayette.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 125 |
| Total Occupancy: | 100.0 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $175 |
| Size: | 23 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $262 |
| Operating Expense: | $40 |
| Net Operating Income: | $222 |
| Expense Ratio: | 15.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
