Mobile Home Park Details
- Purchase Method: Cash, New Loan, Assumable Loan
- Cap Rate: 11.0%
- Listing ID: 416004
- Posted On: Nov 22, 2013
- Updated On: Jul 1, 2015
Description
90-space Mobile Home Park on 10 acres, with pond. Very nice clean quiet park. 73 Tenant-Owned Homes; 9 Park-Owned HOmes; 8 vacant spaces with all Hookups ready for a home to be installed. Onsite Manager, good Tenants that pay extremely well. City Water & Sewer; All Utilities direct-billed to tenants. Park pays no utilities. This is a great price for a park that is operating very well & still have Upside. Please do not disturb Manager or Tenants. CALL WITH ANY QUESTIONS.
Located right on the outskirts of town on Highway 41 South. There are 2 entrances.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 90 |
| Size: | 10 acre(s) |
Financial Information
| Gross Income: | $198,300 |
| Operating Expense: | $42,007 |
| Net Operating Income: | $156,293 |
| Expense Ratio: | 21.2 % |
Lot Information
| Singlewide Lots: | 60 |
RV Information
| Average RV Lot Rent: | $150 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $500 |
