Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 10.0%
  • Property ID: 1104150
  • Posted On: Jul 8, 2019
  • Updated On: Nov 24, 2019

Property Description

Meadow Lane Community MHP consists of 49 Pads with 34+/- acres and was redeveloped from 2014 to present. All new 6” water lines, 12” sewer lines, electrical and new 100 amps meters, and all new infrastructure! Public Water and Public Sewer. There are 41 owned homes, and out of the 41 homes there are 6 new homes that are being marketed for sale, and 5 Financed Homes. This is a brand new park with an amazing income, located in a great location!

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Park Information

Community Type: All Age
Number of MH Lots: 49
Year Built: 2014
Size: 34.0 acre(s)

Financial Information (Actual)

Gross Income $392,494
Operating Expense $114,572
Net Operating Income $277,921
Expense Ratio 29.2 %
Debt Info

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 41
Average Rent for Park-owned Homes: $850

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