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, New Loan
- Cap Rate: 11.1% (Actual)
- Listing ID: 997104
- Posted On: Oct 9, 2018
- Updated On: Jan 8, 2019
Description
Cash cow mobile home park located in the Rochester, MN city limits. The park has city water / sewer and updated 100 amp electrical. The tenants pay all utilities. There are zero POHs. Three homes are sold to the tenants on a Contract for Title. 20 pads are rented out of a total of 22 pads total.
This sale includes the property located at 3244 Marion Road SE, which is a single family home rented for $800 / month.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 91.0 % |
| Average MH Lot Rent: | $325 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $128,647 |
| Operating Expense: | $56,577 |
| Net Operating Income: | $72,071 |
| Expense Ratio: | 44.0 % |
| Debt Info: | 0 |
Lot Information
| Singlewide Lots: | 22 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |