Mobile Home Park Details
- Cap Rate: 11.2%
- Listing ID: 2773891
- Posted On: May 3, 2023
- Updated On: Aug 17, 2023
Description
There are two properties in this portfolio situated 12 miles from each other.
One property has public water
Private Septic
Park and tenant-owned homes
Onsite maintenance *Responsible for mowing and snow removal
Location
Western New York
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 70 |
| Total Occupancy: | 51.0 % |
| Year Built: | 1970 |
| Size: | 23 acre(s) |
Financial Information (Actual)
| Gross Income | $370,058 |
| Operating Expense | $53,724 |
| Net Operating Income | $130,956 |
| Expense Ratio | 14.5 % |
| Debt Info |
Lot Information
| Doublewide Lots: | 70 |
Park-Owned Homes
| Number of Park-owned Homes: | 31 |
