Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 7.5%
- Listing ID: 394536
- Posted On: Aug 16, 2013
- Updated On: Sep 2, 2013
Description
20 unit mobile home park (1 is a fixed building/cottage). Managers on site. Many tenants occupied for 20-30 years. Homes are older homes. 2 Empty lots available with power and water to bring in homes. 3 more should be removed and replaced with newer homes as well. Room on property to add 5 more. Lots of potential with Park (rent increase, bring in more homes and newer homes, etc).
Please do not go into Park without permission.
Location
Property located in beautiful Columbia River Gorge.
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1968 |
| Average MH Lot Rent: | $360 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $73 |
| Operating Expense: | $24 |
| Net Operating Income: | $53 |
| Expense Ratio: | 32.9 % |
Lot Information
| Singlewide Lots: | 14 |
| Doublewide Lots: | 3 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $550 |