Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 12.0%
  • Property ID: 997234
  • Posted on Oct 10, 2018

Property Description

13.14 Acres 51 space mobile home park Kosciusko County Indiana Jackson Township Park supplies well water and sewer to residents (lagoon system permited by state )

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 51
Total Occupancy: 92.0 %
Year Built: 1974
Average MH Lot Rent: $225
Size: 13.1 acre(s)

Financial Information (Actual)

Gross Income $200,000
Operating Expense $81,000
Net Operating Income $119,000
Expense Ratio 40.5 %
Debt Info none

Lot Information

Singlewide Lots: 47
Doublewide Lots: 4
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 22
Average Rent for Park-owned Homes: $500

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