Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 571990
- Posted On: Sep 30, 2015
- Updated On: Dec 14, 2016
Description
39 total space MH/RV Pk
35 MH
4 RV
Current Rents:
Off Season($200/non lake/$210/ on Lake):
10 spaces off Lake @$200/m x 6 m= $12,000
4 spaces on Lake@$210/m x 6 m=$ 5,040
On Season($230/non lake/$240 on lake)
34 spaces occupied in season:
10 spaces on Lake @ $240/m x 6 m= $14,400
24 spaces off Lake @ $230/m x 6 m= $33,120
GI Total: $64,560
R.E. Tax =$8,000
Insurance =$6,000
Lawn Main =$6,000
Utilities WS=$27,045
Electric Cam=$1,500
DEP Lease = $1,500
OE Total: $50,045
NOI: $14,515
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 35 |
| Total Occupancy: | 87.0 % |
| Average MH Lot Rent: | $237 |
Financial Information
| Gross Income: | $64,560 |
| Operating Expense: | $50,045 |
| Net Operating Income: | $14,515 |
| Expense Ratio: | 77.5 % |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $205 |
