Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 8.0%
- Listing ID: 582444
- Posted On: Dec 3, 2015
- Updated On: Apr 22, 2016
Description
This park has undergone a complete restoration after years of poor management by the prior owner, and is ready for a new owner to take it to the next level. The town has a population of 5,330 and has an unemployment rate of only 4.8 pecent vs. the U.S. average of 6.3 percent. The median home price is a healthy $87,700.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 87 |
| Total Occupancy: | 65.0 % |
| Average MH Lot Rent: | $295 |
| Size: | 17 acre(s) |
Financial Information
| Gross Income: | $265,187 |
| Operating Expense: | $173,509 |
| Net Operating Income: | $91,938 |
| Expense Ratio: | 65.4 % |
Utility Information
| Water: | City |
| Sewer: | City |
