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
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

  • Cap Rate: 7.5%
  • Listing ID: 686563
  • Posted On: Jul 12, 2016
  • Updated On: Jul 17, 2017

Description

Midway Mobile Home Park is projected to produce an noi of $136,000 over the next year making for a CAP Rate of 7.5%. This is a quiet, well established residential community along Highway 71B.

The park is comprised of 42 mh lots with 41 owned homes. This mobile home property was grandfathered into a zoning that you cannot get within several miles. For this reason, year after year, Midway occupies all 42 mobile home lots.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 42
Total Occupancy: 100.0 %
Average MH Lot Rent: $500
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $297,000
Operating Expense: $160,700
Net Operating Income: $136,300
Expense Ratio: 54.1 %

Lot Information

Singlewide Lots: 42

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 41
Average Rent for Park-owned Homes: $500