Mobile Home Park Details

  • Property ID: 1145201
  • Posted On: Oct 15, 2019
  • Updated On: Jan 17, 2020

Property Description

Marcus & Millichap is pleased to present the opportunity to acquire a mobile home park located in Delaware. Delaware MHP is a 96 site, all-age community situated on approximately 20 acres. The community is serviced by an in house central water facility and a completely new water distribution system with touch read meters at each home and private sewer with individual septic systems throughout the community. The community has newly paved roads as of the fall of 2018 and contains larger lots that can accommodate modern homes.

Situated in an ideal location right off of Laurel Highway, the community provides its tenants with easy access to a wide variety of local retail and restaurants such as Walmart Supercenter (4.5 miles from the community), Lowe’s Home Improvement, Applebee’s Grill + Bar, Texas Roadhouse, etc. The area has a population of 116,501 and a median housing value of $181,781 within a 15 mile radius. With a current occupancy of 59 percent and below market rents, a new investor can implement an aggressive home sales program to increase occupancy.

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Park Information

Community Type: All Age
Number of MH Lots: 96
Total Occupancy: 59.0 %
Year Built: 1974
Average MH Lot Rent: $375
Size: 20 acre(s)

Lot Information

Singlewide Lots: 96

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3

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