Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.8% (Actual)
- Listing ID: 794862
- Posted On: Mar 24, 2017
- Updated On: Dec 11, 2023
Description
98% occupied community mixed ages with 20 rental properties
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 102 |
| Total Occupancy: | 98.0 % |
| Average MH Lot Rent: | $305 |
| Size: | 35 acre(s) |
Financial Information (Actual)
| Gross Income: | $600,000 |
| Operating Expense: | $175,000 |
| Net Operating Income: | $425,000 |
| Expense Ratio: | 29.2 % |
RV Information
| Number of RV Lots: | 0 |
