Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 823914
- Posted On: Jun 20, 2017
- Updated On: Jun 19, 2018
Description
Perfect park with very little upkeep. Rents are 250 a month. Sub-metered water. City water and sewer.
I pay $350 a month for trash. Taxes are about $3400 a year. Stable long term tenants. 23 tenant owned homes. I have one park owned home but currently nobody is living there.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 46 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1971 |
| Average MH Lot Rent: | $250 |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $60,000 |
| Operating Expense: | $10,000 |
| Net Operating Income: | $50,000 |
| Expense Ratio: | 16.7 % |
RV Information
| Number of RV Lots: | 4 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $500 |
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