Property Description

The all-ages community Tall Oaks is a 23 site mobile home park consisting of 16 park owned homes, currently running a 98% occupancy rate. The average lot rent is $400 per month and $600 for Park-Owned Homes.

The property’s water needs are maintained by a well and sewer is city-serviced (which are included in monthly rent). City electric, direct billed. The gas is for a single storage unit.

Click the Link for an Offering Memorandum: https://wwws.stagexchange.com/strattongroup/IN5

Mobile Home Park Details

  • Price:
  • Cap Rate: 15.2%
  • Property ID: 802117
  • Posted on Apr 10, 2017
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Park Information

Community Type: All Age
Number of MH Lots: 23
Total Occupancy: 98.0 %
Average MH Lot Rent: $300
Size: 2.9 acre(s)

Financial Information (Actual)

Gross Income $115,838
Operating Expense $47,319
Net Operating Income $68,519
Expense Ratio 40.8 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 18
Average Rent for Park-owned Homes: $600

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