This park is an ideal investment opportunity for an investor interested in a well-established mobile home community. Park is located in the busy City of Pearl, MS, just off of I-20 and east of I-55 in east Jackson. The park reportedly has a NOI of $477,000.

This site boasts 138 lots, approximately 18.69 acres, with the park owning 96 of the homes. The park currently maintains the homes and covers water and sewer for the tenants. The owners maintain high standards at the park and conduct background checks and verify income for all tenants. Rent is due on the first of every month and the tenants are responsible for delivering rent to the on-site management office shown in picture above.

The tenants in the park are mixed, with many families and children present. School buses pick up at the front of the park. There is a vibrant, thriving community here. Neighboring properties are also active, with new construction and occupied businesses on all sides.

This park is one of several hundred properties along Hwy 80 E that is under a surface land lease with the State of Mississippi, known as "Sixteenth Section Lands." The original lease dates back to 1988 and is for a 40 year term. There is an option period for another 25 years that will become available in 2028, bringing the total to 39 years for remaining length of the lease. Lease rates are fixed for specific time periods, allowing owners to maximize earning potential.

This is an ideal opportunity for new ownership to step in and realize the income from this park. Current owners may be willing to remain in some capacity if a new owner desires.

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