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: 7.5%
  • Listing ID: 694949
  • Posted On: Aug 8, 2016
  • Updated On: Nov 30, 2016

Description

37 Unit MHP with a 40X60 Commercial butler building on site and rented. Located on Route 20 in Auburn Mass. Conveniently located near shopping but secluded. Occupancy has been in the 95% range in the last 5 years.

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Park Information

Community Type: All Age
Number of MH Lots: 37
Total Occupancy: 95.0 %
Year Built: 1960
Average MH Lot Rent: $387
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $183
Operating Expense: $70
Net Operating Income: $112
Expense Ratio: 38.3 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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