Contact Information

Mobile Home Park Details

  • Price: $1,695,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.1%
  • Property ID: 1002184
  • Posted on Oct 25, 2018

Property Description

Zero Vacancies and Ready to Expand - 40 unit family mobile home park. The MH Park is on 4.13 Acres, with a 2 bed house on a separate 1.67 acre lot. Additionally, there is a 6.5 acre lot zoned High Density Multi Unit included. All this near 3 other mobile home parks.

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Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 40
Total Occupancy: 100.0 %
Year Built: 1961
Average MH Lot Rent: $525
Size: 12.3 acre(s)

Financial Information (Actual)

Gross Income $238,529
Operating Expense $102,487
Net Operating Income $136,000
Expense Ratio 43.0 %
Debt Info 692000 1st

Lot Information

Singlewide Lots: 39
Doublewide Lots: 1

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 20
Average Rent for Park-owned Homes: $635

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