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

Mobile Home Park Details

  • Purchase Method: New Loan
  • Listing ID: 991498
  • Posted On: Sep 21, 2018
  • Updated On: Dec 10, 2018

Description

18 lot Mobile home park located in Johnston, RI. The park is located near Route 6 on Providence, RI line. Upgrades to the property include a new retaining wall installed, removed undesirable tenants, fixed water drainage and poured 2 new concrete pads. The park is on town water and sewer. Lot rent is $500/month. Owner pays water, sewer, taxes, and maintenance. Occupants are responsible for their own utilities. Currently 3 vacancies (Park owned the trailers) and owner holds 7 mortgages (total 10 park owned homes).

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Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 80.0 %
Average MH Lot Rent: $500

Financial Information

Gross Income: $107
Operating Expense: $24
Net Operating Income: $82
Expense Ratio: 22.4 %

Lot Information

Singlewide Lots: 18

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $700