Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Cap Rate: 12.2%
  • Listing ID: 781427
  • Posted On: Jan 30, 2017
  • Updated On: Nov 1, 2021

Description

The community has a highly visible location, excellent demand and a high percentage of mobiles included in the sale. Property has water sub-metered and billed by the local water district. On-site DNR approved package sewer plant. Includes three apartments and 6 storage units.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 59
Total Occupancy: 96.0 %

Financial Information (Actual)

Gross Income: $380,508
Operating Expense: $63,592
Net Operating Income: $316,915
Expense Ratio: 16.7 %

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Treatment Plant