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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
  • Cap Rate: 10.5% (Actual)
  • Listing ID: 429971
  • Posted On: Mar 26, 2014
  • Updated On: Dec 31, 2014

Description

30 unit Apartment and mobile home community has been impeccably maintained with a total of 12 apartments 13 park owned mobile homes and 5 lot rentals. This park boasts an impressive cash flow and has been operating at 100% occupancy for years. All units are serviced with municipal water & sewer as well as natural gas. has town approvals to build another 8 unit apartment building with site plans & floor plans. visit www.jeffersonparkcommunity.com for more information.

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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 100.0 %
Year Built: 2007
Average MH Lot Rent: $775
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $279,960
Operating Expense: $50,174
Net Operating Income: $229,786
Expense Ratio: 17.9 %

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $775

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