Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 11.0%
  • Listing ID: 394202
  • Posted On: Aug 15, 2013
  • Updated On: Jan 8, 2014

Description

51 LOT MOBILE PARK ON NORTH SIDE OF PONTIAC, IL AND A 20 LOT PARK ON THE EAST SIDE OF PONTIAC. ALL GOES TOGETHER BOTH PARKS. APPRAISE VALUE $780,000 BUT ASKING $680,000.

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 61
Total Occupancy: 87.0 %
Average MH Lot Rent: $350
Size: 5 acre(s)

Financial Information

Gross Income: $251
Operating Expense: $111
Net Operating Income: $140
Expense Ratio: 44.2 %

Lot Information

Singlewide Lots: 60
Doublewide Lots: 11

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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