Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 698199
- Posted On: Aug 18, 2016
- Updated On: Apr 3, 2017
Description
Excellent Mobile Home Park with plenty of upside. Brand new water lines and storm drainage. Park is clean and free of any DEP issues. Emergency water back up installed. Park is 23 acres and included in the price is a one (1) acre lot on road front.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 112 |
| Total Occupancy: | 25.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $275 |
| Size: | 24 acre(s) |
Financial Information (Actual)
| Gross Income: | $86,000 |
| Operating Expense: | $52,000 |
| Net Operating Income: | $34,000 |
| Expense Ratio: | 60.5 % |
Lot Information
| Singlewide Lots: | 112 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | Well |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $275 |
