Photo of Trailer Park
Photo of Mobile Home Community
Photo of Mobile Home Park
Photo of Manufactured Home Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Manufactured Home Community
Photo of Mobile Home Park
Photo of Manufactured Home Community
Photo of Mobile Home Trailer Parks
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.5%
- Listing ID: 72399
- Posted On: Jun 6, 2011
- Updated On: Oct 19, 2020
Description
20% Cash on Cash Return, 11.5% Cap Rate. See attached PDF DOC for Detail! 29-lots,1-home 3br, 3.1 acres. 15-mobiles owned by park, 14-lots leases. All city utilities, water-sewer-electric. (no gas on site). Large storage building. City streets on 3-sides, gravel interior roads. Timbered lots
Location
In town location. Clinton is located on Truman Lake the lake is 50,000 acres or surface water and has 110,000 acres of public land for public use surrounding the lake. Clinton is 80 miles south of Kansas City on HWY 7.In town location. 10,000 city pop, 10 county pop, 100,000 trade area.
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 92.0 % |
| Year Built: | 1972 |
| Average MH Lot Rent: | $100 |
| Size: | 3 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $57,000 |
| Operating Expense: | $19,000 |
| Net Operating Income: | $38,000 |
| Expense Ratio: | 33.3 % |
Lot Information
| Singlewide Lots: | 31 |
RV Information
| Average RV Lot Rent: | $95 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $275 |
