Typical Covered Parking
Typical Covered Parking
Typical Covered Parking

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 14.0%
  • Listing ID: 475322
  • Posted On: Oct 6, 2014
  • Updated On: Jul 16, 2017

Description

Excellent cash flow opportunity. Homes occupy every space in this park. Excellent overall income and solid, consistent cash flow. Rentals in need of price increase. Recent management change.

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: 33
Total Occupancy: 88.0 %
Average MH Lot Rent: $200
Size: 8 acre(s)

Financial Information (Actual)

Gross Income: $130,000
Operating Expense: $50,000
Net Operating Income: $80,000
Expense Ratio: 38.5 %

Lot Information

Singlewide Lots: 33

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 29
Average Rent for Park-owned Homes: $425

Similar Mobile Home Parks for Sale