Photo of Mobile Home Park
Mobile Home Park Details
- Cap Rate: 9.8% (Actual)
- Listing ID: 408883
- Posted On: Oct 11, 2013
- Updated On: Dec 18, 2013
Description
65 Site Attractive community with city utilities. Roads are in good condition, with newer speed bumps. Well laid out, just needs someone to come in and fill it up. Additional storage garage included.
Principals Only Please
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 65 |
| Total Occupancy: | 66.0 % |
| Average MH Lot Rent: | $240 |
| Size: | 16 acre(s) |
Financial Information (Actual)
| Gross Income: | $156,470 |
| Operating Expense: | $59,025 |
| Net Operating Income: | $97,445 |
| Expense Ratio: | 37.7 % |
Utility Information
| Water: | City |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $400 |