Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 75.0%
- Listing ID: 551608
- Posted On: Aug 3, 2015
- Updated On: Nov 8, 2015
Description
Consistently profitable (for 40 years) 5 +- acre trailer park.35 lots ( 3 for campers). Residents are mainly long term renters. Each resident pays their own utilities. Owner pays for street lights, cutting common area grass, property taxes etc.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 35 |
| Total Occupancy: | 74.0 % |
| Year Built: | 1976 |
| Average MH Lot Rent: | $75 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $25 |
| Operating Expense: | $6,500 |
| Net Operating Income: | $18,500 |
| Expense Ratio: | 26000.0 % |
Lot Information
| Singlewide Lots: | 32 |
RV Information
| Number of RV Lots: | 3 |
| Average RV Lot Rent: | $75 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |