Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.1%
  • Property ID: 1096635
  • Posted On: Jun 20, 2019
  • Updated On: Jan 2, 2020

Property Description

11 Acres - Two adjacent parcels (9 ac. & 2 ac.)

1400 SF Ranch Home - recently refreshed (new carpet, luxury vinyl plank, interior paint

15 Improved mobile home sites (1/2 ac. each) - NO PARK-OWNED HOMES!

2 Wells (public water available)

Individual on-site septic systems for house and each lot. (no sharing)


2020 Pro Forma (lot rent $225; house rent $790_

Gross Rent: $47,640

Expenses: $8,920 (with management fee)

NOI: $38,720

***DO NOT ENTER THE PARK WITHOUT AN APPOINTMENT OR BOTHER MY TENANTS! I have not disclosed a possible sale to them and need to be the one who shares that news!***

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 100.0 %
Year Built: 1991
Average MH Lot Rent: $210
Size: 11 acre(s)

Financial Information (Pro Forma)

Gross Income $47,640
Operating Expense $8,920
Net Operating Income $38,720
Expense Ratio 18.7 %
Debt Info Bank

Lot Information

Singlewide Lots: 15
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0

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