Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.5% (Actual)
- Listing ID: 632507
- Posted On: Feb 8, 2016
- Updated On: May 23, 2017
Description
32 Space MHP, 31 occupied. City, water, sewer, and trash. Artificial grass and zero-scaped for ultra low maint. Potential to add 9 additional sites/lots. Easy to own and operate. Very strong market at near 100% market occupancy. Upside potential in lot rent increase. Price includes 9 park owned homes. (occupied) Please contact Listing agent Robin for more info or showings @ 575 361-2486.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 97.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $300 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $182,000 |
| Operating Expense: | $55,000 |
| Net Operating Income: | $127,000 |
| Expense Ratio: | 30.2 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 32 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $375 |