Photo of Mobile Home Park
Gazebo near creek
Second half of park
Mobile Home Park Details
- Purchase Method: Cash
- Land: This is land for developing a mobile home park
- Cap Rate: 10.5% (Actual)
- Listing ID: 371723
- Posted On: May 12, 2013
- Updated On: Jun 19, 2013
Description
Built in 1970 with 44 Mobile Home Lots on 14 acres. Tenant pays all utilities except for water and trash. All underground utilities, septic system, and 5 wells. Two metal shop buildings, 41' X 25' and 25' X 30' both with concrete floors and electricity. Owners own 2 single wides ($525 and $550 month) and 1 double-wide ($625 month). All other lots rent for $200.00 per month, with 1 empty lot.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 44 |
| Total Occupancy: | 98.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $200 |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $109 |
| Operating Expense: | $25 |
| Net Operating Income: | $84 |
| Expense Ratio: | 22.9 % |
| Debt Info: | .00 |
Lot Information
| Singlewide Lots: | 41 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $566 |
