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Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 7.8%
  • Listing ID: 811728
  • Posted On: May 10, 2017
  • Updated On: May 15, 2018

Description

7.8% CAP rate! Rare opportunity to own 20 fully furnished units owned by the park with 10 additional spaces available for feature use. All cottages are park owned allowing for many different cash flowing strategies.

Amenities

  • Pool
  • Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 100.0 %
Average MH Lot Rent: $1,000
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $150,008
Operating Expense: $62,126
Net Operating Income: $87,882
Expense Ratio: 41.4 %

RV Information

Number of RV Lots: 10

Park-Owned Homes

Number of Park-owned Homes: 20
Average Rent for Park-owned Homes: $1,000

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