Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 12.4%
  • Listing ID: 929015
  • Posted On: May 16, 2018
  • Updated On: May 2, 2019

Description

This beautiful mountain community sits Newport Tn. 35 lots no vacancies. 16 TOH and 19 POH . County water, direct billed, with one septic per home. Lots rents $200, well below market. To request further information click link.
https://www.surveygizmo.com/s3/4371535/df20a0afa6a7

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Park Information

Community Type: All Age
Number of MH Lots: 35
Total Occupancy: 97.0 %
Year Built: 1996
Average MH Lot Rent: $200
Size: 15 acre(s)

Financial Information (Pro Forma)

Gross Income: $129,600
Operating Expense: $51,840
Net Operating Income: $77,760
Expense Ratio: 40.0 %

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 19
Average Rent for Park-owned Homes: $200

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