Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 10.0% (Actual)
- Listing ID: 14928
- Posted On: Aug 9, 2010
- Updated On: Oct 20, 2010
Description
Park Is old but neat and clean
Location
in Montose
Amenities
- Laundromat
- Storage
- Pool
- Club House
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Park Information
Number of MH Lots: | 95 |
Total Occupancy: | 85.0 % |
Year Built: | 1965 |
Average MH Lot Rent: | $150 |
Size: | 10 acre(s) |
Financial Information (Actual)
Gross Income: | $120,000 |
Operating Expense: | $40,000 |
Net Operating Income: | $80,000 |
Expense Ratio: | 33.3 % |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | Septic |