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: Feb 21, 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 $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.

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 $15,368
Net Operating Income $38,886
Expense Ratio 25.3 %
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

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