Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Property ID: 991501
  • Posted On: Sep 21, 2018
  • Updated On: Oct 18, 2019

Property Description

34 lots with complete on site water and sewer. Immediate access to highway and entrances on two different roads. Close proximity to town, shopping, fast food, chain restaurants, Wal-Mart and more!

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Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 75.0 %
Year Built: 1993
Average MH Lot Rent: $260
Size: 27.7 acre(s)

Financial Information

Gross Income $57,865
Operating Expense $23,738
Net Operating Income $34,127
Expense Ratio 41.0 %
Debt Info

Lot Information

Singlewide Lots: 34

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