Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 6.5% (Pro Forma)
- Listing ID: 879021
- Posted On: Nov 17, 2017
- Updated On: Apr 22, 2024
Description
Great Mobile Home Park Opportunity, *$99,360 Current Gross Income with room for increase over the next few years. *$77,812 net * 6.48 Cap. * Low current rents 9 mobiles and a duplex all inside the city limits of growing Bellingham Washington. * City water and sewer * Future rent potential of $120,000 yearly. Bellingham boasts a 0 vacancy rating with several colleges. There are 5 park owned units included in the sale renting at up to $1025. per month. *Zoned for 17 units for future development of condos or apartments. *A great location close to I-5, Schools, Shopping, Restaurants, Golf and Churches.
Call Dave Hilbert at 1-800-543-2330 or Text/Cell 425-280-6542. Email: Dave@re2000homes.com
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $99,360 |
| Operating Expense: | $21,548 |
| Net Operating Income: | $77,812 |
| Expense Ratio: | 21.7 % |
Lot Information
| Singlewide Lots: | 9 |
| Park Model Lots: | 5 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |