Mobile Home Park Details
- Cap Rate: 12.0% (Actual)
- Listing ID: 983280
- Posted On: Aug 25, 2018
- Updated On: Jan 14, 2019
Description
Very nice 28 site well and septic park with room to expand.
Septics are all conventional since its pure sand and last
5 POH worth Approx $50,000 included in price
Blacktop streets in excellent condition
THIS PARK IS WITHIN 5 MILES OF ST CHARLES NEKOOSA and APPROX 20 MILES from ST JAMES ASPEN DRIVE
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 28 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $290 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $100,892 |
| Operating Expense: | $26,724 |
| Net Operating Income: | $74,168 |
| Expense Ratio: | 26.5 % |
Lot Information
| Singlewide Lots: | 28 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $487 |