Haynes Court
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0% (Actual)
- Listing ID: 512474
- Posted On: Mar 8, 2015
- Updated On: Jun 18, 2016
Description
Two lots ready to be occupied either by new owner or rent lots at $275.00 each. 3 lots have park owned mobiles on them renting for $650, $600, $675 each with tenant paying all utilities. All units have been upgraded with new flooring and appliances, as well as new countertops and sinks.
Lot Information: All Lots will support up to a doublewide unit.
Seller to complete a 1031 Exchange upon completion of sale.
Location
Park is located 1 mile north of Shepherd, MT.
Approximately 11 miles for Wal-Mart in Billings Heights.
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 5 |
| Total Occupancy: | 60.0 % |
| Year Built: | 1991 |
| Average MH Lot Rent: | $275 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $29,700 |
| Operating Expense: | $8,000 |
| Net Operating Income: | $21,700 |
| Expense Ratio: | 26.9 % |
| Debt Info: | No Current Loan |
Lot Information
| Doublewide Lots: | 5 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $650 |