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: 6.0% (Actual)
- Listing ID: 746251
- Posted On: Dec 12, 2016
- Updated On: Aug 23, 2017
Description
Arbor Village is an all age, family community situated on approximately 6.14 acres. Arbor Village was developed in or about 1948 and consists of 87 mobile homes and 3 residential homes. Gas and electric are sub-metered and paid by the tenants. Trash, water, and sewer are passed-through to the tenants.
Amenities
- Laundromat
- Pool
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 87 |
| Total Occupancy: | 45.0 % |
| Year Built: | 1948 |
| Average MH Lot Rent: | $575 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $338,112 |
| Operating Expense: | $206,945 |
| Net Operating Income: | $131,166 |
| Expense Ratio: | 61.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |