Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.0%
  • Listing ID: 15932
  • Posted On: Aug 31, 2010
  • Updated On: Oct 19, 2010

Description

This is a 27 lot park on three acres with on-site office and two storage buildings. Six lots are owner occupied mobile homes, twenty are park owned homes with weekly rentals, one is a site built one bedroom apartment.

This is a established park located within walking distance of major retail stores and conveniences.

All homes are a minimum of 14 feet wide and vary 2 to 3 bedrooms with electric utilities and washer/dryer hook ups.

Currently, there are three vacancies and we have very little turn-over in residents.

For complete information: e-mail: mmcostner@aol.com

Location

Park is located just off I-65, 35 miles north of Nashville,1/4 mile from the intersection of St. Hwy. 109 and St. Hwy. 52 in Portland, Tn

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 27
Total Occupancy: 90.0 %
Year Built: 1993
Average MH Lot Rent: $295
Size: 3 acre(s)

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 21
Average Rent for Park-owned Homes: $135