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: 9.0% (Actual)
- Listing ID: 687835
- Posted On: Jul 15, 2016
- Updated On: Feb 17, 2017
Description
Full MHP with upswing and a waiting list to get in. 19 mobile homes, 2 RV sites, 2 duplexes and a single family house. Rents of 5 units are approximately $150 low for the market. Onsite manager gets free rent in the only park owned home. City water, Engineered septic system just a few years ago. Large shop rented out for $300/month. The tenants are long term and rents are a bit below market. Over 14% Cash return on investment. Bank financing available with 30% down payment.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $370 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $119,635 |
| Operating Expense: | $88 |
| Net Operating Income: | $88 |
| Expense Ratio: | 0.1 % |
| Debt Info: | New needed |
Lot Information
| Singlewide Lots: | 23 |
| Doublewide Lots: | 1 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $355 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |