Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.0%
- Listing ID: 716794
- Posted On: Oct 27, 2016
- Updated On: Mar 9, 2017
Description
19 Double wide park with 1 additional lot. Whiteville home of 2 large prisons. 100% occupancy with waiting list.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1999 |
| Average MH Lot Rent: | $625 |
| Size: | 7 acre(s) |
Financial Information
| Gross Income: | $132,900 |
| Operating Expense: | $32,900 |
| Net Operating Income: | $100,000 |
| Expense Ratio: | 24.8 % |
Lot Information
| Doublewide Lots: | 19 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |