Mobile Home Park Details

  • Cap Rate: 14.0%
  • Property ID: 1140244
  • Posted On: Oct 1, 2019
  • Updated On: Jan 29, 2020

Property Description

This an excellent opportunity for a buyer to purchase a community from a long term operator with long term residents. Being nearly occupied with only one vacant lot, the property is very turn key. The property boasts a strong cash flow with nice curb appeal. A great park for entry level investors.

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Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 97.5 %
Average MH Lot Rent: $335
Size: 7 acre(s)

Financial Information

Gross Income $149,040
Operating Expense $52,241
Net Operating Income $96,799
Expense Ratio 35.1 %
Debt Info

Lot Information

Doublewide Lots: 18

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 18
Average Rent for Park-owned Homes: $675

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