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41-Space Mobile Home Park Central, OH

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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: 11.8% (Actual)
  • Listing ID: 831216
  • Posted On: Jul 10, 2017
  • Updated On: Oct 27, 2017

Description

This is a 55+ MHP with all tenant owned homes. New natural gas lines in 2015, also a brand new sewer treatment plant along with sewer lines. Half our from Columbus. For financial information please visit our website at www.birchrealty.com, this will be listing #204 on our site. Feel free to contact us at 248-740-9490 or stan1@birchreatly.com

Amenities

  • Storage
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Park Information

Community Type: 55 And Over
Number of MH Lots: 41
Total Occupancy: 84.0 %
Average MH Lot Rent: $300

Financial Information (Actual)

Gross Income: $135,000
Operating Expense: $41,000
Net Operating Income: $94,000
Expense Ratio: 30.4 %

Lot Information

Singlewide Lots: 41

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 0