Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Cap Rate: 9.5%
  • Listing ID: 645539
  • Posted On: Mar 16, 2016
  • Updated On: Jun 29, 2016

Description

Shakopee is a desirable town of 37,150 inside the St. Paul/Bloomington metro of 3,290,811. It has incredibly high median single-family home prices of $200,100, fueled by an impressive 3.9 percent unemployment rate vs. the U.S. average of 6.3 percent. This park has recently undergone some finishing renovations, such as tree trimming and a new playground installed.

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Park Information

Community Type: All Age
Number of MH Lots: 63
Total Occupancy: 98.0 %
Year Built: 1970
Average MH Lot Rent: $490
Size: 4 acre(s)

Financial Information

Gross Income: $397,393
Operating Expense: $129,329
Net Operating Income: $262,184
Expense Ratio: 32.5 %

Lot Information

Singlewide Lots: 63

Utility Information

Water: Well
Sewer: Septic

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