Photo of Mobile Home Park
Pine Valley
Pine Valley
Pine Valley
Mountain View
Mountain View
Mountain View
Mobile Home Park Details
- Cap Rate: 7.2%
- Listing ID: 831508
- Posted On: Jul 11, 2017
- Updated On: May 31, 2018
Description
Marcus & Millichap is pleased to present an opportunity to acquire a portfolio consisting of two manufactured housing communities located in Massachusetts.
Portfolio consists of two MHC's located Ludlow and Cheshire
Mountain View MHC: 229 Miller Street, Ludlow, MA 01056
Pine Valley MHC: 110 Dublin Road, Cheshire, MA 01225
The communities can be purchased as a portfolio or individually.
Location
Mountain View MHC is near the border of Connecticut and Massachusetts and located approximately 40 minutes from the Bradley International Airport.
Pine Valley MHC is part of the Pittsfield MSA located in Western Massachusetts.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 176 |
| Total Occupancy: | 94.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $282 |
| Size: | 52 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $567,866 |
| Operating Expense: | $239,193 |
| Net Operating Income: | $328,674 |
| Expense Ratio: | 42.1 % |
Lot Information
| Singlewide Lots: | 176 |
Utility Information
| Water Paid By: | Park |
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