Mobile Home Park Details
- Purchase Method: Cash, New Loan
 - Cap Rate: 10.0% (Actual)
 - Listing ID: 887035
 - Posted On: Dec 17, 2017
 - Updated On: Apr 9, 2018
 
Description
Canton's Valley View Mobile Home Park is an 18 lot mobile home community located in downtown Canton Missouri. This urban location is across the street from a city park and offers an investor a stable community, as all lots are rented and all homes have recently been painted and upgraded. Seller is planning to keep the existing homes and continue to pay $150/month for lot leases with the buyer (and/or is amenable to a sale of the existing 15 homes for an additional fee). This park includes a common building that houses the electrical system and has room for self-storage. 18 lots at $150/month. The homes rent for an additional $225-250 per month. Tenants pay all utilities. City streets and utilities.
Amenities
- Storage
 - Handicap Accessible
 
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Park Information
| Community Type: | All Age | 
| Number of MH Lots: | 18 | 
| Total Occupancy: | 94.0 % | 
| Average MH Lot Rent: | $150 | 
| Size: | 0 acre(s) | 
Financial Information (Actual)
| Gross Income: | $32,400 | 
| Operating Expense: | $4,828 | 
| Net Operating Income: | $21,363 | 
| Expense Ratio: | 14.9 % | 
Lot Information
| Singlewide Lots: | 17 | 
| Doublewide Lots: | 0 | 
| Triplewide Lots: | 0 | 
| Park Model Lots: | 0 | 
RV Information
| Number of RV Lots: | 0 | 
| Average RV Lot Rent: | $0 | 
Utility Information
| Water: | City | 
| Water Paid By: | Tenant - Individual Service | 
| Sewer: | City | 
Park-Owned Homes
| Number of Park-owned Homes: | 0 | 
| Average Rent for Park-owned Homes: | $250 |