Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 427375
- Posted On: Sep 5, 2014
- Updated On: Mar 17, 2015
Description
Tall Oaks is a great investment income property located in a stable community. This 23 unit park on 3.00 acres is located in a working class neighborhood convenient to the local down town and highway. This area has had national attention due to the healthy economic climate, industry growth, and job creations from nearby world-renowned, advanced manufacturing companies.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 23 |
| Total Occupancy: | 86.9 % |
| Average MH Lot Rent: | $200 |
| Size: | 3 acre(s) |
Financial Information
| Gross Income: | $65,400 |
| Operating Expense: | $33,000 |
| Net Operating Income: | $32,400 |
| Expense Ratio: | 50.5 % |
Lot Information
| Singlewide Lots: | 23 |
Utility Information
| Water: | City |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $500 |
