Contact Information

Mobile Home Park Details

  • Price: $500,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Property ID: 477690
  • Posted on Oct 15, 2014

Property Description

24 spaces, full, (always). City water and sewer. Good paved streets, 2 car off street parking. 19 park owned homes, good condition. Extra land that would more than double the number of spaces. This is a better than average park.

Principals please.

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Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 100.0 %
Year Built: 1975
Average MH Lot Rent: $150

Financial Information (Actual)

Gross Income $96
Operating Expense $46
Net Operating Income $50,319
Expense Ratio 47.9 %
Debt Info

Lot Information

Singlewide Lots: 24

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 19
Average Rent for Park-owned Homes: $375

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