Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 13.0% (Actual)
- Listing ID: 379508
- Posted On: Jun 23, 2013
- Updated On: Aug 9, 2018
Description
38 Unit mobile home park located on 14 acres of land. 33 - 16X80 3 BR & 2 BA homes and 5 doublewides 3BR & 2 BA homes. All homes are park owned and park is 100% occupied with rare vacancies and high demand for rent. All homes are in excellent condition and park is located just outside the city limits in an excellent location. There are 2 large storm shelters located on the property.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 38 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2006 |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $245 |
| Operating Expense: | $61 |
| Net Operating Income: | $184 |
| Expense Ratio: | 24.9 % |
Lot Information
| Singlewide Lots: | 33 |
| Doublewide Lots: | 5 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 38 |
| Average Rent for Park-owned Homes: | $540 |