Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 14.0% (Actual)
- Listing ID: 481080
- Posted On: Nov 1, 2014
- Updated On: Oct 5, 2017
Description
30 space Park in the center of the busiest part of town. Next to Walmart and walking distance to stores, retaurants, theaters and banking. Ponca City is the original home of Phillips Conoco and is a busy oil and farming community. Cap rate = 10%
818-216-2263 or 818-404-4470
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 94.0 % |
| Year Built: | 1972 |
| Average MH Lot Rent: | $235 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $96,414 |
| Operating Expense: | $43,928 |
| Net Operating Income: | $52,486 |
| Expense Ratio: | 45.6 % |
| Debt Info: | no debt |
Lot Information
| Singlewide Lots: | 30 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 16 |
| Average Rent for Park-owned Homes: | $400 |