Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 16.0% (Pro Forma)
- Listing ID: 725596
- Posted On: Nov 28, 2016
- Updated On: Dec 17, 2016
Description
Great opportunity to own a cash flow positive property within 5 minutes of Providence. Area population over 200,000 and strong demand for affordable housing. Park has city water and sewer.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Financial Information (Pro Forma)
| Gross Income: | $116 |
| Operating Expense: | $27 |
| Net Operating Income: | $89 |
| Expense Ratio: | 23.3 % |
Lot Information
| Singlewide Lots: | 18 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $370 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $800 |