Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0% (Actual)
- Listing ID: 472033
- Posted On: Sep 22, 2014
- Updated On: Jun 27, 2015
Description
Well maintained park, good location, 85% occupied, many double-wide homes, residents direct billed for city water and sewer, storm shelter, garage/work shop, off street parking, on site management in place and expansion potential
Seller is a licensed IL Broker. Contact for detailed information
DO NOT CONTACT PARK
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 136 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $275 |
| Size: | 45 acre(s) |
Financial Information (Actual)
| Gross Income: | $365 |
| Operating Expense: | $150 |
| Net Operating Income: | $215 |
| Expense Ratio: | 41.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |