Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.7%
- Listing ID: 413113
- Posted On: Nov 1, 2013
- Updated On: Apr 28, 2014
Description
Rural park just outside the city limits of Stevensville. Walking distance to town and school. 10 mobile home spaces leased at $250 per space with 100% occupancy for over 20 years. New engineered septic system in 2009. Well with new pump. 40 mini storage units in two buildings.Gross proforma income is $44,160 per year. (13+% cap rate).
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $250 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $32 |
| Operating Expense: | $5 |
| Net Operating Income: | $26 |
| Expense Ratio: | 15.6 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 10 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |