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Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.3%
- Listing ID: 230746
- Posted On: Jul 22, 2012
- Updated On: Dec 11, 2012
Description
20 Minutes from Steamboat Springs - City water & sewer individully metered to the residents by the city - 62 spaces (61 occupied with 1 more home coming in) - Single Family House on separate parcel - rented out. Rents going to $295 on Jan 1, 2013 and there is additional room to continue to raise rents - easy park to own and operate.
Rent comps in Steamboat - $500 per month plus and in other similar parks in the 20 mile radius around Steamboat in the $300 to $350 plus range.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 62 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $295 |
| Size: | 15 acre(s) |
Financial Information (Actual)
| Gross Income: | $225,000 |
| Operating Expense: | $35,000 |
| Net Operating Income: | $190,000 |
| Expense Ratio: | 15.6 % |
Lot Information
| Singlewide Lots: | 50 |
| Doublewide Lots: | 12 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $250 |