Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 371068
- Posted On: May 5, 2013
- Updated On: Nov 10, 2013
Description
This property is perfectly located between the city limits of Rolla, home of the Science and Technolgy University, and the Fort Leonard Wood Military base. Currently operating with a cap rate of 10% with less than 50% occupancy. The potenial for future income is PHENOMENAL! 11 park owned mobil homes and a 2 bedroom, 1 bath updated house on approx. 5 acres included in sale.
For more info. contact Dayna Williams owner/agent at 314-602-706
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 50.0 % |
| Average MH Lot Rent: | $175 |
| Size: | 5 acre(s) |
Financial Information
| Gross Income: | $34 |
| Operating Expense: | $8 |
| Net Operating Income: | $25 |
| Expense Ratio: | 23.5 % |
Lot Information
| Singlewide Lots: | 20 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
| Average Rent for Park-owned Homes: | $450 |