Fern View 1
Fern View 2
Fern View 3
Fern View 4
Fern View 5
Fern View 6
Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 7.2% (Actual)
- Listing ID: 432672
- Posted On: Apr 17, 2014
- Updated On: Jul 14, 2014
Description
Good MHP with plenty of upside. Current rents are $65 below market. New owner to take advantage of rent raises. Park is full and has been upgraded by removing old homes and putting in newer homes, renovating them and selling them. 2 homes recently put in (one single, one double) will be put up for sale and expect to sell quickly. Other area parks are full as well. On 2 strong wells and well maintained septic. Very low expenses.
Amenities
- Storage
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: | $360 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $111 |
| Operating Expense: | $28 |
| Net Operating Income: | $76 |
| Expense Ratio: | 25.2 % |
Lot Information
| Doublewide Lots: | 26 |
RV Information
| Average RV Lot Rent: | $360 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
