Property Description

Little park with splendid rate of return. 5 MH owned by the tenants on corner lot over 1.5 ac (2 parcels). Potentially 7 sp to be verified with city. Tenants have their own contracts with electric & trash co. Public water submetered (all individual water meters).
No management per se since each tenant has direct access to main road and takes care of their space and has their own septic. Low rent space. A low maintenance and splendid investment (12%)!

Mobile Home Park Details

  • Price:
  • Purchase Method: Cash
  • Cap Rate: 12.0%
  • Property ID: 887106
  • Posted on Dec 18, 2017
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Park Information

Community Type: All Age
Number of MH Lots: 5
Total Occupancy: 100.0 %
Year Built: 1972
Average MH Lot Rent: $350
Size: 1.6 acre(s)

Financial Information (Actual)

Gross Income $21
Operating Expense $3
Net Operating Income $18
Expense Ratio 14.3 %
Debt Info none

Lot Information

Singlewide Lots: 5
Doublewide Lots: 5

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

Map

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