Contact Information

Mobile Home Park Details

  • Price: $575,000
  • Cap Rate: 0.1%
  • Property ID: 1220227
  • Posted On: Mar 1, 2020
  • Updated On: Jul 8, 2020

Property Description

10.5 commercial acres with 11 units, all park owned. There are 11 lots and 1 unfinished lot. All units are leased on a weekly basis, and all units are leased. All units are 2 bedroom 1 bath and comes with a range and refrigerator, and are in good conditions. 3 units have individual septic systems, and there are 4 more septic systems with 2 units on each system.

Location

Hwy. 31A and Hwy 64 in Lewisburg Tn. Approximately 4 miles from downtown Lewisburg, and 10 minutes from Henry Horton State Park.

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Park Information

Community Type: All Age
Number of MH Lots: 11
Total Occupancy: 100.0 %
Year Built: 19921995
Average MH Lot Rent: $180
Size: 11 acre(s)

Financial Information

Gross Income $100,000
Operating Expense $26,500
Net Operating Income $73,500
Expense Ratio 26.5 %
Debt Info

Lot Information

Singlewide Lots: 11
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $180

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