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% (Pro Forma)
- 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 |