Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.3%
  • Property ID: 1085258
  • Posted On: May 23, 2019
  • Updated On: Aug 22, 2019

Property Description

This park is great for the absentee owner or the hands on owner! It has a management company in place for the last 8 years and has a great history of excellent income and occupancy. It consists of 68 lots with 55 park owned homes, 3 rented lots, 10 vacant lots and a 4 plex. The park sits on a total of 15.7 acres with 7.4 acres developed and 8.3 vacant acres that could be developed to double the size or add an RV park as well. It sits on city water and city sewer. Don't miss this opportunity!

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Park Information

Community Type: All Age
Number of MH Lots: 68
Total Occupancy: 95.0 %
Year Built: 1974
Average MH Lot Rent: $180
Size: 15.7 acre(s)

Lot Information

Singlewide Lots: 68

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 68
Average Rent for Park-owned Homes: $180

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