Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 7.0% (Actual)
- Listing ID: 445354
- Posted On: May 23, 2014
- Updated On: Sep 2, 2014
Description
Located near Hwy 372. Senior RV/Mobilehome Park "Permanent" month to month tenants.Manager/Maintenance on site. One Park owned Mobilehome, one tenant owned Mobilehome, 49 RV spaces, One 2 bedroom apartment, Laundry/Rec. room, Restrooms. This property is well maintained and quiet.GOOD UPSIDE is filling empty spaces and rent raise. Bank note is assumeable due in 2035.
Amenities
- Laundromat
- Club House
- Handicap Accessible
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 51 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1974 |
| Average MH Lot Rent: | $280 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $194 |
| Operating Expense: | $92 |
| Net Operating Income: | $102 |
| Expense Ratio: | 47.4 % |
| Debt Info: | Assumeable Bank Loan |
Lot Information
| Doublewide Lots: | 2 |
RV Information
| Number of RV Lots: | 49 |
| Average RV Lot Rent: | $280 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $575 |