Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 823117
- Posted On: Jun 15, 2017
- Updated On: Jul 31, 2017
Description
8 unit park next to southern Wesleyan university on city bus line. owner pays for water, tenants pay for power.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 8 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $550 |
Financial Information
| Gross Income: | $48,060 |
| Operating Expense: | $15,436 |
| Net Operating Income: | $32,436 |
| Expense Ratio: | 32.1 % |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $550 |