Contact Information

Mobile Home Park Details

  • Price: $624,750
  • Purchase Method: Cash, New Loan
  • Property ID: 1157491
  • Posted On: Nov 19, 2019
  • Updated On: Nov 19, 2019

Property Description

INVESTMENT HIGHLIGHTS
-Minimal expenses
-Tenants pay all utilities
-Substantial Upside potential with occupancy only at 43%
-Below market rent
-Priced for land value only @12,750 a Space!

The park is a 2 Star community that could easily be converted to a 2.5 Star park through a focused re-positioning. It is an All Age community developed in the 1970s with 49 total sites consisting of 14 vacant lots, 4 lot rentals and 31 park owned homes, 17 of which are occupied. Substantial upside potential by renovating numerous park owned homes in year 1.

An investor with a future vision of value will recognize the park’s value could potentially be over $1M by simply bringing turning homes in need of a simple $2000 rehab along with filling vacant spaces with new homes.

At $12,750 a space, the property is currently priced at land value. Income and homes are 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: 16.5 acre(s)

Utility Information

Water: City

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