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
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
  • Cap Rate: 9.4%
  • Listing ID: 917003
  • Posted On: Apr 7, 2018
  • Updated On: Feb 19, 2019

Description

FOR FINANCIALS AND MORE INFORMATION CLICK HERE BELOW!
https://www.surveygizmo.com/s3/4297589/Confidentiality-Agreement
32 Lot all tenant owned homes. This community sits just off the main road in town. Filled with very long term residents who pay for everything. This community has HUGE upside. The lot rents have not been bumped up in ages. Add 5 new 1b/1bath Legacy tiny homes to the park and bump the lot rents up and you could have a $900,000 community. Let us show you, how we do it !
Most Sewer and Water lines were replaced two years ago.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 32
Total Occupancy: 87.0 %
Year Built: 1965
Average MH Lot Rent: $135
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income: $54,120
Operating Expense: $4,755
Net Operating Income: $46,659
Expense Ratio: 8.8 %

Lot Information

Singlewide Lots: 32

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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