76-Space Mobile Home Park - for Sale in Kimball, Nebraska

Kimball, NE View on Map

Sale Price: $459,000
Mobile Home Community For Sale
Mobile Home Community For Sale

Seller Information

Jim Skovgard

Mobile Home Park for Sale

Number of MH Lots: 76
Cap Rate: 10.0%
Status: Active
Property ID: 12923
Posted on: Jun 02, 2010
Updated on: Oct 19, 2010
Price: $459,000

Property Description

Ridgewood is connected to city of Kimball (pop 2,500) water and sewer. The park layout is 76 mobile sites and 54 RV sites. The park does about $80,000 gross with $20,000 being RV rental income. Currently 18 units full time. Rent rate is $225. Expenses run about half the income. There is a 3 bedroom home separately deeded on 2.4 acres that is included. The park is about 24 acres. The park is run by a manager who would like to stay. There are three older trailers that park owns also transferring with the park.

$459,000

10 % Cap

Park Information

Number of MH Lots:76
Average MH Lot Rent: $225

RV Information

Number of RV Lots:54
Average RV Lot Rent: $225