Contact Information

Mobile Home Park Details

  • Price: $1,395,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Property ID: 1183304
  • Posted On: Jan 26, 2020
  • Updated On: Oct 4, 2021

Property Description

October 2021 - Price adjusted to $1,395,000

September 2021 - Price adjusted to $1,495,000

July 2021 - Priced adjusted to 1,666,666

May 2021 - Priced adjusted to $1,895,000

March 2021 - Priced at a 5% Cap. The property is about 7 acres; half has 44 rented lots with a U shaped drive and the other half is a flat undeveloped field; it is located within the city county, has city water and sewer, and is a block away from an elementary school; all tenant owned homes; price based on actual financials; full documentation provided after signed contract

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Park Information

Community Type: All Age
Number of MH Lots: 44
Total Occupancy: 100.0 %
Year Built: 1950
Average MH Lot Rent: $250
Size: 7 acre(s)

Financial Information (Actual)

Gross Income $133,994
Operating Expense $33,764
Net Operating Income $100,230
Expense Ratio 25.2 %
Debt Info

Lot Information

Singlewide Lots: 40

RV Information

Number of RV Lots: 3

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

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