Mobile Home Park Details
- Cap Rate: 12.0%
- Listing ID: 3390735
- Posted On: Jul 18, 2023
- Updated On: Nov 20, 2023
Description
This stabilized property features 4 total units, with each tenant on a year-long lease. The utilities are separately metered in the tenants' names. See attached Offering Memorandum
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Park Information
| Number of MH Lots: | 4 |
| Total Occupancy: | 100.0 % |
Financial Information (Pro Forma)
| Gross Income: | $32,400 |
| Operating Expense: | $7,499 |
| Net Operating Income: | $24,901 |
| Expense Ratio: | 23.1 % |
Lot Information
| Singlewide Lots: | 4 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $700 |
