Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 7.6%
- Listing ID: 510822
- Posted On: Feb 26, 2015
- Updated On: May 7, 2015
Description
Ocean View and Beach access on the Oregon Coast. Situated on 4.91 acres. 41 Mobile Home spaces, 8 RV spaces and 15 detached rental cabins. City water City sewer 200 amp electrical service. Hwy 101 frontage.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 41 |
| Total Occupancy: | 90.0 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $310 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $292,214 |
| Operating Expense: | $187,932 |
| Net Operating Income: | $104,282 |
| Expense Ratio: | 64.3 % |
| Debt Info: | $450,000 not assumable |
Lot Information
| Singlewide Lots: | 41 |
| Doublewide Lots: | 1 |
RV Information
| Number of RV Lots: | 8 |
| Average RV Lot Rent: | $310 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $550 |