Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.8% (Actual)
- Listing ID: 472043
- Posted On: Sep 22, 2014
- Updated On: Jun 1, 2015
Description
$300,000 PRICE DROP!!! Get this great park now for a 12 CAP!
This excellent, seasonal RV Park is over 80 wooded rolling acres with over 200 RV sites. The RV Campground includes 2 Homes, many buildings, a camp store, swimming pool, playgrounds and fishing ponds.
Amenities
- Pool
- Storage
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 200 |
| Total Occupancy: | 70.0 % |
| Size: | 80 acre(s) |
Financial Information (Actual)
| Gross Income: | $315,000 |
| Operating Expense: | $138,000 |
| Net Operating Income: | $177,000 |
| Expense Ratio: | 43.8 % |
RV Information
| Number of RV Lots: | 200 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |