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COLONY VILLAGE MOBILE HOME PARK 3650 Logan-Lancaster Road, Lancaster, OH 43130

Expired  

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Listing ID: 785837
  • Posted On: Feb 16, 2017
  • Updated On: Feb 21, 2018

Description

A 47 unit mobile home park. No park owned homes.
Selling at a 10% cap rate. True tax records available.

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Park Information

Community Type: All Age
Number of MH Lots: 47
Total Occupancy: 94.0 %
Year Built: 1950
Average MH Lot Rent: $300
Size: 6 acre(s)

Financial Information

Gross Income: $128
Operating Expense: $58
Net Operating Income: $69
Expense Ratio: 45.3 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $230

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