Photo of Mobile Home Park
Photo of Mobile Home Park
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Mobile Home Park Details
- Purchase Method: Seller Financing, Assumable Loan
- Cap Rate: 13.0%
- Listing ID: 422763
- Posted On: Jan 27, 2014
- Updated On: Feb 28, 2018
Description
NEED 30% ROI? Lovely 61 site park on city water/septics. On 22 acres, park has 15 park-owned rentals, 28 owner-occupied tenants and 18 vacant lots. Assumable 1st mortgage has balance of $539k.
Cap rate is 13, cash-on-cash return is 30%
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 61 |
| Total Occupancy: | 91.0 % |
| Year Built: | 1978 |
| Average MH Lot Rent: | $160 |
| Size: | 22 acre(s) |
Financial Information (Actual)
| Gross Income: | $128 |
| Operating Expense: | $26 |
| Net Operating Income: | $101 |
| Expense Ratio: | 20.3 % |
| Debt Info: | $639k bal. |
Lot Information
| Singlewide Lots: | 31 |
| Doublewide Lots: | 30 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $425 |