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Seneca Mobile Home Park 414 East Jackson Street, Seneca, IL 61360

Off Market  

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Mobile Home Park Details

  • Cap Rate: 7.0% (Actual)
  • Listing ID: 2860759
  • Posted On: May 8, 2023
  • Updated On: Jul 17, 2023

Description

12 acre site 30 lots 1 vacant 1
Well/maint bldg 2 TOH 26 POH
18 2022-2023 units 8 of various
ages.

Location

Seneca Illinois 61360

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 95.0 %
Average MH Lot Rent: $1,200
Size: 12 acre(s)

Financial Information (Actual)

Gross Income: $380,000
Operating Expense: $80,000
Net Operating Income: $300,000
Expense Ratio: 21.1 %

Lot Information

Singlewide Lots: 30

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 26
Average Rent for Park-owned Homes: $1,200

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