Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.3%
- Listing ID: 3728112
- Posted On: Sep 25, 2023
- Updated On: Dec 28, 2023
Description
15 Unit MHP. All units tenant owned. Most tenants work in Roanoke.
Steady cash flow. Easy park to manage from a distance. Each space has its own septic tank and drain field. All units are fed from on site well. All lots pay $350. Once obtained, lot rent should be raised.
9.2% Cap Rate. Serious inquiries only.
Income/Expense and Operating Statement attached from 1-1-23 thru 9-25-23. Be aware, 3 months left of income for the year.
Please fill out LOI if interested in purchasing.
Location
Twin Oaks MHP
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $350 |
Financial Information (Actual)
| Gross Income: | $63,000 |
| Operating Expense: | $7,081 |
| Net Operating Income: | $55,919 |
| Expense Ratio: | 11.2 % |
Lot Information
| Singlewide Lots: | 15 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
