Contact Information

Mobile Home Park Details

  • Price: $1,499,000
  • Purchase Method: Cash, New Loan
  • Land: This is land for developing a mobile home park
  • Property ID: 1041886
  • Posted on Mar 12, 2019

Property Description

VENTURE PACIFIC COMMERCIAL SERVICES IS PLEASED TO PRESENT THE OASIS MOBILE VILLAGE A MULTI-TENANT MOBILE HOME/RV PARK WITH INDUSTRIAL OFFERING WITH TREMENDOUS UPSIDE!!!

This mobile home park is comprised of 77 mobile homes/RV sites, 22 furnished park owned mobile homes and 4 industrial buildings. Extensive features include an oversized swimming pool, a large recreational center with kitchen accommodations, ample off-street parking/storage and sub-metered electricity, water and gas. The village is situated on a large 27.56-acre parcel on the main commercial thorough Highway 111.

The park has undergone extensive recent renovations including new ground asphalt throughout the park and the renovation of the recreational center with new stucco and carpet throughout, a state-of-the-art glass wall reception area, a lounge area with a large television, kitchen accommodations with new appliances and cabinets, conference room, souvenir shop, internet lounge, game room with 2 pool tables, shuffleboard, vending machines and a poker room.

This mobile home park provides tremendous upside potential through the stabilization of the vacancies. Once 80% occupied an investor is projected to realize a favorable CAP rate of 22.41%. Investment opportunities like this rarely come available!

Amenities

  • Laundromat
  • Pool
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 46
Total Occupancy: 40.0 %
Average MH Lot Rent: $350
Size: 27.6 acre(s)

RV Information

Number of RV Lots: 36
Average RV Lot Rent: $35

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 22
Average Rent for Park-owned Homes: $750

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