Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 12.0%
  • Property ID: 1150053
  • Posted On: Oct 29, 2019
  • Updated On: Jun 2, 2020

Property Description

8 Space turn-key community. six POH, one PO site-built home, and one lot rental. Lot rent is 250 per month and includes city water and trash can service.
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 $5060 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. Be sure to review the attachments at the bottom of this listing for many more photos and more detailed financial information.

Offers including seller financing will not be considered.
Please include source of financing in all offers and LOIs.

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: 100.0 %
Year Built: 1980
Average MH Lot Rent: $250
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income $60,720
Operating Expense $16,977
Net Operating Income $38,886
Expense Ratio 28.0 %
Debt Info NA

Lot Information

Singlewide Lots: 7
Doublewide Lots: 1

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

Download Documents

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