415 West 15th Street
415 West 15th Street
415 West 15th Street
415 West 15th Street
Mobile Home Park Details
- Cap Rate: 13.0% (Actual)
- Listing ID: 704465
- Posted On: Sep 12, 2016
- Updated On: Nov 18, 2016
Description
17 pad mobile home park in the city limits of Yankton, SD. The park has city water and sewer. The occupancy of the park is 100% and lot rents are $185.00. None of the homes are owned by the property owner. There is a certified property manager in place and the property manager owns 8 homes in the park. The current owner is selling because of another investment opportunity.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 17 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $185 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $37 |
| Operating Expense: | $13 |
| Net Operating Income: | $24 |
| Expense Ratio: | 35.1 % |
Lot Information
| Singlewide Lots: | 17 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |