Huntington Manufactured Home Park
 
1405 26th Street, Auburn, NE 68305
$430,000
Price
$26,875
Price Per Unit
16
Number of Lots
10.04%
Cap Rate
6.79
GRM
1965
Year Built

Subject Property
  • The subject property is located on a single, park-owned street. Each home is owned by the tenants. The tenants are responsible for the upkeep of their lot.
  • There are 12 homes on-site. Of which, 11 are occupied. All vacant lots have utilities, allowing for immediate in-fill upon purchase.
Utilities
  • Water, sewer, and electricity are provided by the city of Auburn.
  • Garbage is provided by American Recycling.
  • Natural gas is provided Black Hills Energy.
  • The tenants are billed $56.00 per month in addition to lot rent in order to pay for water, sewer and trash services. The lots are not sub-metered for water/sewer usage. Electricity and natural gas are directly billed by the provider to the tenants.
Lot 10 - Vacant Home
  • The tenant in Lot 10 recently moved out and handed the title over to the community owner. The park owner is planning to sell the home before the sale of the community, but if the home is not sold prior to the community, the title will transfer to the new community owner.
Management
  • Current ownership has a local manager in place that would continue to manage the park after the sale.
Auburn, Nebraska
  • Auburn, Nebraska is home to nearly 3,500 people and is located 60 miles directly south from Omaha.
  • The median home value is $98,900, with 43% of residents currently renting their homes.
  • The median household income is about $60,000 and the average commute time to work for an Auburn resident is 25 minutes per day.
  • The largest employment industries in Auburn are Utility Services (14.8%), Educational Services (12.6%), and Manufacturing (11.2%).
FOR MORE DETAILS CONTACT
Jason Bergan
Broker
(563) 880-9679
jbergan@c21sre.com
S65228000 (IA)
Noah Casterton
Broker
(715) 557-0651
noah@c21sre.com
S70126000 (IA), 40835623 (MN), and 111468-94 (WI)
Drew Vlazny
Broker
(563) 880-6200
drew@c21sre.com
20220468 (NE)