Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 5.3%
- Listing ID: 2098210
- Posted On: Mar 1, 2023
- Updated On: Jun 6, 2023
Description
72 lots
35 rentals
3 apartments
Location
Located on beautiful Lake Hamilton
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 72 |
| Total Occupancy: | 68.0 % |
| Average MH Lot Rent: | $285 |
| Size: | 12 acre(s) |
Financial Information (Actual)
| Gross Income: | $270,517 |
| Operating Expense: | $116,191 |
| Net Operating Income: | $154,326 |
| Expense Ratio: | 43.0 % |
Lot Information
| Singlewide Lots: | 50 |
| Doublewide Lots: | 22 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 35 |
| Average Rent for Park-owned Homes: | $450 |
