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20-Space Mobile Home Park Northwest, IN

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 11.2% (Actual)
  • Listing ID: 517389
  • Posted On: Apr 17, 2015
  • Updated On: Apr 29, 2021

Description

Motivated Sellers, strong historical occupancy. 1 Stick Built Home goes with park. Willing to look at seller financing. For financial information please visit our website at www.birchrealty.com, this will be listing #307 on our site. Feel free to contact us at stan1@birchrealty.com or 248-740-9490

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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 95.0 %
Year Built: 1970
Average MH Lot Rent: $285
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $82,620
Operating Expense: $44,000
Net Operating Income: $38,620
Expense Ratio: 53.3 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 8