Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 15.0%
- Listing ID: 813787
- Posted On: May 15, 2017
- Updated On: Jul 12, 2017
Description
16 rental homes, all homes are park owned. Good history of occupancy, currently 100%. 15% Cap Rate. Good location close to shopping. Cash preferred, seller financing possible.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1974 |
| Average MH Lot Rent: | $670 |
| Size: | 3 acre(s) |
Financial Information
| Gross Income: | $113,430 |
| Operating Expense: | $44,982 |
| Net Operating Income: | $68,448 |
| Expense Ratio: | 39.7 % |
| Debt Info: | Cash Preferred |
Lot Information
| Singlewide Lots: | 16 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 16 |
| Average Rent for Park-owned Homes: | $670 |
