Map
Mobile Home Park Details
- Cap Rate: 8.3%
- Listing ID: 508966
- Posted On: Feb 17, 2015
- Updated On: Feb 8, 2016
Description
Jonathon McClellan and Kyle Baskin of Marcus and Millichap are pleased to present a 14 Community portfolio consisting of 968 sites. The total asking price is $16,775,000, however the seller will entertain selling the assets individually. The average deal size is $1,190,000. 12 of the communities are located in New York and 2 are located in Pennsylvania. Please click on the PDF attachment below to view the Property Websites, Google Aerials, Pricing and Debt. If you'd like additional information on any of the assets please email (Jonathon.McClellan@marcusmillichap.com) or call me at 216-264-2023.
NY BOR | JD Parker | License: 31PA1159742
PA BOR | Mark Taylor | License: AB050069L
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 968 |
| Total Occupancy: | 80.0 % |
| Average MH Lot Rent: | $354 |
Financial Information
| Gross Income: | $3,427,370 |
| Operating Expense: | $2,036,141 |
| Net Operating Income: | $1,391,229 |
| Expense Ratio: | 59.4 % |
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