Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
adjacent 5.4acres
adjacent 5.4acres
Photo of Mobile Home Park
Photo of Mobile Home Park
adjacent 5.4acres

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 11.5%
  • Listing ID: 614589
  • Posted On: Dec 29, 2015
  • Updated On: Sep 9, 2016

Description

25 space park includes 24 sw coaches plus 1bm house/office

Location

East lincolnway hwy 30 to Whitney south to Laramie st. Just outside city limits

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Park Information

Community Type: All Age
Number of MH Lots: 25
Total Occupancy: 100.0 %
Year Built: 1950
Average MH Lot Rent: $600
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income: $170,623
Operating Expense: $72,866
Net Operating Income: $97,757
Expense Ratio: 42.7 %
Debt Info: $600000 seller will carry 70%

Lot Information

Singlewide Lots: 25

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $350

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 25
Average Rent for Park-owned Homes: $600

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