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Lower Horshoe
Lower Horseshoe
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Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 804571
- Posted On: Apr 19, 2017
- Updated On: Jul 31, 2017
Description
54 lot mobile home park in Quincy, Illinois
80% occupied
built in 1972 owned by same family
owners retiring
Lot rent of $175 not raised since 2011
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 54 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1972 |
| Average MH Lot Rent: | $175 |
| Size: | 18 acre(s) |
Financial Information (Actual)
| Gross Income: | $108 |
| Operating Expense: | $67 |
| Net Operating Income: | $41 |
| Expense Ratio: | 62.0 % |
| Debt Info: | No Debt |
Lot Information
| Singlewide Lots: | 52 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 1 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $500 |
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