Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.0%
- Listing ID: 511561
- Posted On: Mar 3, 2015
- Updated On: Apr 9, 2015
Description
Premium mobile home park offered by long term owners. Pride of ownership shows for this 12 space senior (over 55) park on 2 acres. All spaces have uniform carports with storage sheds.
Space rent is $280/mo. and the vacancy factor has been 0 for over 20 years.
Newer paving, very low maintenance, lots of evergreen trees, all fenced, irrigation system, super clean and neat.
Located in Klamath Falls nice and quiet suburban area.
Owner pays water, sewer, taxes, and garbage service.
This park needs no capital improvements and has great return on investment.
All tenants own their own homes and have signed rental agreements and park rules. Owners are looking to finance acceptable buyer and all terms are negotiable. Please contact for expense report and numerous pictures.. Thanks for looking.....
Amenities
- Storage
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1967 |
| Average MH Lot Rent: | $280 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $40,320 |
| Operating Expense: | $10,282 |
| Net Operating Income: | $30,038 |
| Expense Ratio: | 25.5 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 5 |
| Doublewide Lots: | 7 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |