Mobile Home Park Details
- Cap Rate: 10.0% (Pro Forma)
 - Listing ID: 3043588
 - Posted On: May 31, 2023
 - Updated On: Aug 21, 2023
 
Description
-13 unit mobile home park. 
-3 bedroom, 2 baths on all except for #2, which is a 2/2.
-All units are currently park owned. 
-Utilities are individually metered. Septic is 1:1 without issues and well maintained.
-Units 3-13 all have new roofs and have been renovated within the last 4 years. 
-Very high demand for affordable housing in this area, a lot of room for rent appreciation when filling vacancies or renewing leases.  Rents have appreciated 10+% YoY each of the last 5 years 
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Park Information
| Community Type: | All Age | 
| Number of MH Lots: | 13 | 
| Total Occupancy: | 100.0 % | 
| Year Built: | 2020 | 
| Size: | 5 acre(s) | 
Financial Information (Pro Forma)
| Gross Income: | $97,320 | 
| Operating Expense: | $29,000 | 
| Net Operating Income: | $68,124 | 
| Expense Ratio: | 29.8 % | 
Lot Information
| Singlewide Lots: | 13 | 
Utility Information
| Water: | City | 
| Water Paid By: | Tenant - Individual Service | 
| Sewer: | Septic | 
Park-Owned Homes
| Number of Park-owned Homes: | 13 | 
| Average Rent for Park-owned Homes: | $625 |