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

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