Mobile Home Park Details

  • Cap Rate: 11.9%
  • Listing ID: 13014
  • Posted On: Jun 2, 2010
  • Updated On: Oct 12, 2010

Description

Liberty Mobile Home Park Toledo, Ohio 66 Spaces Net Operating Income of $145,198 90% Occupancy, 12.63% Cap on Existing Income Some Seller Financing Available

PROPERTY HIGHLIGHTS

12.63% Cap Rate on Actual Income and High 22.74% Projected Cash-on-Cash Return

Sub-metered gas, electric and water, tenants reimburse for water, sewer and trash

Updated Electricity and Water Lines, Repaved Streets

All Tenant Owned Homes, most have recently been rehabbed

Seller is willing to finance a portion of the purchase price

Densely populated area, walking distance to two Toledo University campuses and only a few miles to downtown Toledo

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 66
Total Occupancy: 90.0 %

Financial Information

Net Operating Income: $117,695