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MOBILE HOME PARK 7537 Reese Rd, Cheyenne, WY 82009

Expired   Price Reduced  

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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.4% (Actual)
  • Listing ID: 824463
  • Posted On: Jun 20, 2017
  • Updated On: Aug 21, 2017

Description

PRICED TO SELL-
12 SPOTS READY FOR CONSTRUCTION- NEWLY APPROVED FOR A TOTAL OF 44 SPACES. 100% FULL. IF A SPOT OPENS UP YOU CAN FILL IT SAME DAY. OIL WELLS BEING DRILLED YARDS AWAY FROM PARK. 25 ACRES IWITH LOTS OF UNDEVELOPED ACREAGE.

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Park Information

Community Type: All Age
Number of MH Lots: 44
Total Occupancy: 100.0 %
Year Built: 1975
Average MH Lot Rent: $400
Size: 25 acre(s)

Financial Information (Actual)

Gross Income: $228,000
Operating Expense: $10,746
Net Operating Income: $217
Expense Ratio: 4.7 %

Lot Information

Doublewide Lots: 44

RV Information

Average RV Lot Rent: $400

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 22
Average Rent for Park-owned Homes: $350

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