Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 7.0% (Actual)
- Listing ID: 666545
- Posted On: May 17, 2016
- Updated On: Aug 15, 2016
Description
35 space MHP with Upside in rents. Just east of the I-5 corridor. Clean, wonderfully maintained, updated infrastructure, very nice roads. Amazing septic system engineered in 2012, Wells are in good shape. Rents are approximately $40 low for the market. Good bank financing available through a local bank.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 35 |
| Total Occupancy: | 90.0 % |
| Average MH Lot Rent: | $360 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $162 |
| Operating Expense: | $47 |
| Net Operating Income: | $125 |
| Expense Ratio: | 29.0 % |
Lot Information
| Singlewide Lots: | 33 |
| Doublewide Lots: | 2 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $355 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |