Contact Information

Mobile Home Park Details

  • Price: $499,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Property ID: 1157491
  • Posted On: Nov 19, 2019
  • Updated On: May 29, 2020

Property Description

INVESTMENT HIGHLIGHTS
-SELLER FINANCING to strong borrowers
-Minimal expenses
-Tenants pay all utilities
-Substantial Upside potential with occupancy only at 43%
-Below market rent
-Priced for land value only @ $10,184 a Space!

The Park is a 3-star park which with road improvements could easily be improved.

The Park was built in two phases with the first phase built in the mid 1980’s with homes sitting on 1/8 acre lots. Each lot has its own street address and 200-amp service. The second phase was built in the 1990’s with each home sitting on 1/4 acre lots with street addresses and underground 200-amp service.

The Park consists of 49 mobile home lots on 5 acres, an office/ shop and 2 ponds. Together, this is over 16 acres.

The price will increase as units are refurbished.

An investor with a future vision of value will recognize the Park's value could potentially be over $1M by simply bringing on homes in need of rehab along with filling vacant spaces with new homes.

The property is currently priced for land value. Income is just a bonus!

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

Park Information

Community Type: All Age
Number of MH Lots: 49
Total Occupancy: 43.0 %
Size: 17 acre(s)

Utility Information

Water: City

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