Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.9%
  • Listing ID: 460624
  • Posted On: Jul 29, 2014
  • Updated On: Dec 29, 2014

Description

Excellent business opportunity. Mobile home and long-term RV park with a total of 38 spaces. 23 for trailers and 15 for R.V. (no over-nighters). Approximately 98% occupied. Also includes 1 (1)bedroom home, 1 (2)bedroom home, 1 duplex, laundry room, storage , and shop. Won't last long. Please contact Donna at (208) 320-2751 from Sep.10- Oct. 9, 2014 for additional information.

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 38
Total Occupancy: 98.0 %
Year Built: 1965
Average MH Lot Rent: $15,250
Size: 3 acre(s)

Financial Information

Gross Income: $183,000
Operating Expense: $33,700
Net Operating Income: $149,300
Expense Ratio: 18.4 %

RV Information

Number of RV Lots: 15
Average RV Lot Rent: $288

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $643