Contact Information

Ron Pillay

Junron Estate

Mobile Home Park Details

  • Price: $595,000
  • Purchase Method: Seller Financing, New Loan
  • Cap Rate: 11.2%
  • Property ID: 1153261
  • Posted On: Nov 6, 2019
  • Updated On: Jan 13, 2020

Property Description


everyone wants to buy low but no one wants to pay the listing price right! So if this park which is worth $40000.00 an acre by 7.5 acres just for the land due to the growth and Cherokee Casino within a mile and over $175000000.00 development being developed right now. But we have 23 sites of which 18 is occupied with a rental income of $8584.00 monthly .
$595000.00 with 70% financing.
This is 11.17% cap with a high land value.


across from brand new casino

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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 99.0 %
Year Built: 1985
Average MH Lot Rent: $265
Size: 7.5 acre(s)

Financial Information (Actual)

Gross Income $97,000
Operating Expense $15,200
Net Operating Income $81,800
Expense Ratio 15.7 %
Debt Info

Lot Information

Singlewide Lots: 17
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $265

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 15
Average Rent for Park-owned Homes: $450


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