Contact Information

Mobile Home Park Details

  • Price: $315,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 12.2%
  • Property ID: 1150053
  • Posted On: Oct 29, 2019
  • Updated On: Jan 7, 2020

Property Description

8 Space turn-key community. 6 POH and 1 Site built home. Also includes 1 Lot rental at $250 per month.
This is the perfect starter community for someone looking to get into the business who doesn't want a lot of headaches but still a nice return on investment. It can also be a great bolt-on for local investors who want a nice stable property in the path of progress.

All POHs recently renovated. Park is on public water and septic.
Total Gross revenue at $5000 per month. Under local third party management.
Residents are screened for credit and criminal and place a 1-month security deposit and are on annual leases. This community is run like an apartment community.

Full information on the community available on request. Due Diligence should be a breeze for this community.

Offers including seller financing will not be considered.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 8
Total Occupancy: 87.5 %
Year Built: 1980
Average MH Lot Rent: $250
Size: 2.9 acre(s)

Financial Information (Pro Forma)

Gross Income $55,255
Operating Expense $15,368
Net Operating Income $39,886
Expense Ratio 27.8 %
Debt Info NA

Lot Information

Singlewide Lots: 8

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $680

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