Contact Information
Ryan Groene
Mobile Home Park Details
- Price: $389,000
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 3597306
- Posted On: Aug 28, 2023
- Updated On: Jan 10, 2024
Description
Welcome to your starter park you have been looking for. This has been a good park for us, but we have other things that are drawing our attention away.
33 lots, 21 occupied TOHs, and 1 POHs(vacant), duplex with 1 tenants paying $800 occupying both sides . 11 vacant lots. city water/septic sub metered with metron meters. Septic is in working order..
Park is small, but solid cash flow for someone who wants to get started or is looking to see what MHP is about.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 35 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $350 |
| Size: | 12 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $60,000 |
| Operating Expense: | $30,000 |
| Net Operating Income: | $30,000 |
| Expense Ratio: | 50.0 % |
| Debt Info: | cash or new loan/hard money |
Lot Information
| Singlewide Lots: | 33 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $0 |
