Contact Information
Mobile Home Park Details
- Price: $250,000
- Purchase Method: Cash, New Loan
- Cap Rate: 9.2%
- Property ID: 478291
- Posted On: Oct 20, 2014
- Updated On: Jul 11, 2020
Property Description
Property is a 9.2% cap rate on current numbers! Pinto Creek Mobile Home Park is a small non-age restricted park with lots of green trees and shade that consists of 15 spaces and 4 park owned homes on approx. 3 acres. Low space rents at $225 mo inc W/S/T - $50 upside in monthly rents! /Units average $474 per mo. w $25 mo. upside! Upside to a 13% Cap Rate!
see the attached marketing package for details.
Contact Broker for a marketing package.
Location
Located on old State Route 188 / N Wheatfields Road in the Globe - Miami area.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1966 |
| Average MH Lot Rent: | $225 |
| Size: | 3 acre(s) |
Financial Information (Pro Forma)
| Gross Income | $45,657 |
| Operating Expense | $22,630 |
| Net Operating Income | $23,027 |
| Expense Ratio | 49.6 % |
| Debt Info |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
