Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.0% (Pro Forma)
- Listing ID: 423713
- Posted On: Feb 4, 2014
- Updated On: Aug 13, 2014
Description
25 unit Manufactured home Park also has One apartment and an On-Site Laundry Mat.
Although the community features a quiet, semi-rural appearance, residents are just minutes away from many stores and restaurants. Convenient, public transportation stops near the Park entrance.
Updated Laundry Facility
2 new homes added in 2012
Paved 65% of park in 2012
Removed all old individual septic tanks and replaced with state of the art centralized treatment system. 2012
Total Capital Investment $350,000
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $322 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $112 |
| Operating Expense: | $32 |
| Net Operating Income: | $76 |
| Expense Ratio: | 28.6 % |
Lot Information
| Singlewide Lots: | 23 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
