Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0% (Actual)
- Listing ID: 369991
- Posted On: Apr 22, 2013
- Updated On: Sep 3, 2013
Description
Desirable Downtown location directly across the street from Shippensburg University. Situated in the middle of over 5,000+ student housing units creates added potential for future development. 42 pad community with a small rented commercial building at 40 Middle Spring Road included inside. Solid investment with public utilities. Mostly tenant owned homes with several rent-to-own units. See listing agent for financials and complete rent roll
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 88.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $266 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $136,033 |
| Operating Expense: | $54,371 |
| Net Operating Income: | $81,662 |
| Expense Ratio: | 40.0 % |
Lot Information
| Singlewide Lots: | 42 |
| Doublewide Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |