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Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 12.0%
- Listing ID: 847145
- Posted On: Aug 19, 2017
- Updated On: Aug 6, 2020
Description
Mobile home park with 9 tenant owned mobile homes. Total income $48600 annually with potential income much much greater. Property is subdivided already into over 30 lots of record. Tenants pay their own utilities and maintain their own homes. City water, individual septic tanks although city sewage is available at the street. Well maintained property perfect for long distance ownership with manager on site. Will finance with 200k down or discount for cash
Location
great country neighborhood, high desireability side of town with quick access to the interstate.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $450 |
Financial Information
| Gross Income: | $48,600 |
| Operating Expense: | $2,100 |
| Net Operating Income: | $46,500 |
| Expense Ratio: | 4.3 % |
Lot Information
| Singlewide Lots: | 7 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |