Mobile Home Park Details
- Cap Rate: 9.0%
- Listing ID: 2164571
- Posted On: Mar 14, 2023
- Updated On: May 15, 2023
Description
*30 Lots + Convenience Store (Used to be a duplex can be
converted back)
*17 Tenant-Owned Homes
*6 Park-Owned Homes
*7 Vacant Lots
*City Water
*1 Septic System per 2 Units. Some systems were replaced recently
*Increase lot rents to market levels. The Neighboring park is
charging $475
*Infill vacant lots with POH, TOH’s or RV’s for higher transient rent
*Convert the Convenience store back into a duplex
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Year Built: | 1970 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $136,500 |
| Operating Expense: | $53,052 |
| Net Operating Income: | $83,448 |
| Expense Ratio: | 38.9 % |
Utility Information
| Water: | City |
| Sewer: | Septic |
