Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 6.0% (Actual)
- Listing ID: 783117
- Posted On: Feb 6, 2017
- Updated On: Aug 11, 2017
Description
See sales package.
Assumable CMBS debt 5.5m 5.75% 30 yr am 9 years left of 10 year term. Can defease in Feb 2018
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 190 |
| Total Occupancy: | 98.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $490 |
| Size: | 19 acre(s) |
Financial Information (Actual)
| Gross Income: | $1,190,332 |
| Operating Expense: | $374,342 |
| Net Operating Income: | $815,990 |
| Expense Ratio: | 31.4 % |
| Debt Info: | 5.5m |
Lot Information
| Singlewide Lots: | 188 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |