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
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, Seller Financing, New Loan
  • Land: This is land for developing a mobile home park
  • Cap Rate: 13.9%
  • Listing ID: 1045333
  • Posted On: Mar 22, 2019
  • Updated On: Jun 27, 2019

Description

Campground Mobile Home Park with room for expansion. Quiet and peaceful. Great investment opportunity with outstanding cash flow! 25 Acre +/- Mobile Home Park. Current 19 Spaces, 8 park owned homes, 9 MH rent lots, & 2 RV rent lots. Plenty of room to expand. 2 wells service the park, septic systems. Long term tenants. This park stays occupied. There is need for more housing in this area.

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

Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 100.0 %
Average MH Lot Rent: $150
Size: 25 acre(s)

Financial Information (Pro Forma)

Gross Income: $75,900
Operating Expense: $3,600
Net Operating Income: $72,300
Expense Ratio: 4.7 %
Debt Info: 0

RV Information

Number of RV Lots: 2
Average RV Lot Rent: $150

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $567

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