Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 7.8%
- Listing ID: 402603
- Posted On: Sep 17, 2013
- Updated On: Sep 22, 2014
Description
Oakland Park is a 216 site mobile home park located in Austin, MN that sold in May, 2014.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 217 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1963 |
| Average MH Lot Rent: | $273 |
| Size: | 36 acre(s) |
Financial Information
| Gross Income: | $342,168 |
| Operating Expense: | $190,530 |
| Net Operating Income: | $151,638 |
| Expense Ratio: | 55.7 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |