Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Property ID: 273030
  • Posted on Sep 18, 2012

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.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 42
Total Occupancy: 99.0 %
Year Built: 1985
Average MH Lot Rent: $165
Size: 5.0 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

Similar Mobile Home Parks for Sale