Mobile Home Park Details

  • Cap Rate: 13.0%
  • Property ID: 704465
  • Posted On: Sep 12, 2016
  • Updated On: Nov 18, 2016

Property 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.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

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 %
Debt Info

Lot Information

Singlewide Lots: 17

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0