Contact Information

Mobile Home Park Details

  • Price: $949,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.0%
  • Property ID: 1177031
  • Posted On: Jan 7, 2020
  • Updated On: Jan 7, 2020

Property Description

12 Renovated Mobile Homes and space for 5 RV's or Travel Trailers and 2 empty Mobile Homes spaces. The Mobile Home Park is located on the front of the property and most of the RV spaces are located behind the mobile homes down a paver'ed driveway. The rear of the property offers a wooded area and a natural creek runs through the rear corner of the property offering a unique nature setting with several bridges spanning the creek and nature trails perfect for hiking or fishing from the bridges. This will make for an RV'ers paradise and guarantee your RV sites stay full year around. There is additional woods that could be cleared and used for storage of RV's or Boats. This park also offers two storage sheds with electric perfect for a future laundry room.

Location

12 unit Mobile Home Park with 2 empty pads located on the front of the property and the 5 other spaces are located behind the mobile homes down a paver'ed driveway, perfect for Motor Homes and Travel Trailers. The rear of the property is wooded area with a natural creek that runs through the rear corner of the property. This part of the property offers a unique nature sitting with several bridges spanning the creek, these nature trails will make for an RV'ers paradise and guarantee repeat customers.. There is additional woods that you can clear for storage of RV's or Boats.

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Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 80.0 %
Size: 4.0 acre(s)

Financial Information (Pro Forma)

Gross Income $116,400
Operating Expense $23,763
Net Operating Income $86,817
Expense Ratio 20.4 %
Debt Info

RV Information

Number of RV Lots: 7

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 12
Average Rent for Park-owned Homes: $775

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