Photo of Mobile Home Park
Photo of Manufactured Home Community
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: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 669712
- Posted On: May 21, 2016
- Updated On: Feb 1, 2017
Description
Very attractive park on approximately 8 acres
Municipal Water billed by water company directly to tenants
All newer homes, 28 Park Owned Homes mostly on rent-credit agreements, most are 2000+ model years and 6 brand new 2014 legacy homes. All are in excellent condition and very easy to manage.
6 doublewide lots with 4 doublewide park owned homes
Asphalt roads
Nice looking park with no junk
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 39 |
| Total Occupancy: | 80.0 % |
| Average MH Lot Rent: | $225 |
| Size: | 8 acre(s) |
Financial Information
| Gross Income: | $192,696 |
| Operating Expense: | $51,818 |
| Net Operating Income: | $140,878 |
| Expense Ratio: | 26.9 % |
Lot Information
| Singlewide Lots: | 33 |
| Doublewide Lots: | 6 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 28 |
| Average Rent for Park-owned Homes: | $650 |
