Contact Information

Mobile Home Park Details

  • Price: $3,475,000
  • Cap Rate: 8.0%
  • Property ID: 1126520
  • Posted On: Aug 27, 2019
  • Updated On: Sep 20, 2019

Property Description

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• Well kept community with pride of ownership
• Turnkey investment opportunity with majority lot rentals
• Lot and home rental rates below market
• Quickly add-value by filling 7 vacant sites
• Mix of double and single wide homes
• Newly paved roads
• New water treatment plant
• Close proximity to the state capital of Columbus
• Easy access to major highways

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Park Information

Community Type: All Age
Number of MH Lots: 103
Total Occupancy: 93.0 %
Average MH Lot Rent: $317

Financial Information (Pro Forma)

Gross Income $453,853
Operating Expense $165,954
Net Operating Income $287,899
Expense Ratio 36.6 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 10

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