Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 520304
  • Posted On: May 5, 2015
  • Updated On: Jan 24, 2016

Description

PRICE JUST REDUCED. Rents 23% Below Market. Proforma Cap Rate 14.4% At Market Rents. 9 Individually Platted Lots, 1 Vacant Lot, 3 Lot Rents, 5 Park Owned Homes. Almost 6 Acres, City Water Available, Owner Ready To Retire. Incredibly Tight Rental Market, Within 5 Minutes of 2 Major Thoroughfares. Area Unemployment Rate 5.9%

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Park Information

Community Type: All Age
Number of MH Lots: 9
Total Occupancy: 88.0 %
Average MH Lot Rent: $200
Size: 6 acre(s)

Lot Information

Singlewide Lots: 9

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $433

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