Aerial Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 18.0%
- Listing ID: 695078
- Posted On: Aug 9, 2016
- Updated On: Nov 5, 2016
Description
13 space, 12 park owned units
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1950 |
| Average MH Lot Rent: | $475 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $50,000 |
| Operating Expense: | $15,000 |
| Net Operating Income: | $35,000 |
| Expense Ratio: | 30.0 % |
Lot Information
| Singlewide Lots: | 13 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $475 |