Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Property ID: 273030
- Posted On: Sep 18, 2012
- Updated On: Nov 18, 2014
Property Description
The park has 46 spaces 4 are RV lots and the 21 park owned homes are all rented and in very good shape. Rent ranges from $425-$700.00 monthly. The rest are owner occupied. Paved streets with all city utilities. Contact seller for more information.
Location
This is a nice peaceful park a short distance from Tulsa. The park is located in town across from the City Expo/Recreation Center. The recreation center offers a jogging track inside and out, large pool, tennis, weights and more. Close to shopping, resturants and hospital.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 99.0 % |
| Year Built: | 1985 |
| Average MH Lot Rent: | $165 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income | $179,960 |
| Operating Expense | $76,422 |
| Net Operating Income | $103,538 |
| Expense Ratio | 42.5 % |
| Debt Info |
Lot Information
| Singlewide Lots: | 42 |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 21 |
| Average Rent for Park-owned Homes: | $530 |
