Contact Information

Mobile Home Park Details

  • Price: $2,199,999
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.9%
  • Property ID: 1130097
  • Posted On: Sep 5, 2019
  • Updated On: Sep 9, 2019

Property Description

9MH and 71 RV Sites -- 80 Total

EXPANSION OPPORTUNITY - 8.3+- neighboring acres w/ 242ft of HWY frontage for sale at below market price. Electric is metered 30amp sites for trans. and 50amps for permanent. Gross income equals current occupancy as of April 2019 and 2019/2020 reservations and estimated seasonal occupancy. BROKER'S OPINION: By filling 24 RV Sites w/ pk models at market rates of $325 per month, gross income will be over $290,000.

Amenities

  • Laundromat
  • Club House
  • Storage
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Park Information

Community Type: 55 And Over
Number of MH Lots: 9
Average MH Lot Rent: $295
Size: 7.0 acre(s)

Financial Information (Actual)

Gross Income $230,279
Operating Expense $57,014
Net Operating Income $173,265
Expense Ratio 24.8 %
Debt Info

RV Information

Number of RV Lots: 71
Average RV Lot Rent: $395

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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