Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0% (Actual)
- Listing ID: 6154780
- Posted On: Jun 7, 2024
- Updated On: Jul 25, 2024
Description
Established 7 acre mobile home park in Greenwood County. Avg residency 9 years. Lots of potential with available lots and acreage for expansion.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 23 |
| Total Occupancy: | 61.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $200 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $81,000 |
| Operating Expense: | $25,000 |
| Net Operating Income: | $56,000 |
| Expense Ratio: | 30.9 % |
| Debt Info: | 0 |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 13 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $490 |
