Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.8%
- Listing ID: 379772
- Posted On: Jun 25, 2013
- Updated On: Jun 30, 2014
Description
There are 49 manufactured home spaces on this site. There is also an 840 square foot frame rental home and storage building on the site. 8 manufactured homes are also included.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 49 |
| Total Occupancy: | 35.0 % |
| Average MH Lot Rent: | $150 |
| Size: | 17 acre(s) |
Financial Information
| Gross Income: | $145,200 |
| Operating Expense: | $89,259 |
| Net Operating Income: | $55,941 |
| Expense Ratio: | 61.5 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $500 |
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