Contact Information

Mobile Home Park Details

  • Price: $100,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 16.4%
  • Property ID: 1192127
  • Posted On: Feb 18, 2020
  • Updated On: Mar 3, 2020

Property Description

We have a 4 units mobile home park for sale, excellent for the investor trying to get into this amazing and lucrative space of if you just want to expand your portfolio and receive more passive income.

This is a 4 Units park with individual electric and collective water. All 4 units are park owned, easy maintenance with two long term tenants, all rents are under market and could be raised, park pays for water which averages $100 a month.

Very easy to manage, we have been managing it without a property manager all the way from Florida.

Rents monthly:
MH1 - $375
MH2 - $375
MH3 - $300
MH4 - $450

Sales price on this property is $90,000 cash or $110,000 Owner's financed with 20% down payment. Great return on investment of over 15%.

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

Park Information

Community Type: All Age
Number of MH Lots: 4
Total Occupancy: 100.0 %
Average MH Lot Rent: $375

Financial Information (Actual)

Gross Income $18,000
Operating Expense $1,550
Net Operating Income $16,450
Expense Ratio 8.6 %
Debt Info

Lot Information

Singlewide Lots: 4
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

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

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $338

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