Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.0%
- Listing ID: 371857
- Posted On: May 14, 2013
- Updated On: Nov 19, 2013
Description
Beautiful family built and owned with pride in the late eighties, large 15,000 square feet lots, with individual septic tanks, utility meters, parking for 2 vehicles, paved roads, security street lights, quiet setting in rural community in single family home neighborhood, yet only 5 minutes from exit 83 from I-85.
50 minutes North of Charlotte airport.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 37 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1989 |
| Average MH Lot Rent: | $205 |
| Size: | 30 acre(s) |
Financial Information (Actual)
| Gross Income: | $88 |
| Operating Expense: | $25 |
| Net Operating Income: | $57 |
| Expense Ratio: | 28.4 % |
Lot Information
| Singlewide Lots: | 37 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $495 |
