Contact Information

Mobile Home Park Details

  • Price: $299,900
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.5%
  • Property ID: 1227978
  • Posted On: Mar 12, 2020
  • Updated On: Apr 6, 2020

Property Description

Large amount of upside potential in increased lot rents, placing additional units on vacant lots, billing tenants for water, etc.

14 occupied trailers, 1 vacant trailer, 5 empty sites, and one occupied single family residence. (21 Potential Units)

Property is on a lagoon system (May not qualify for financing)
Owner Pays water currently (City Water)
$40 late fees are assigned after the 5th of each month
Additional Financials Available Upon Request

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

Park Information

Community Type: All Age
Number of MH Lots: 21
Total Occupancy: 70.0 %
Year Built: 1975
Average MH Lot Rent: $270
Size: 8 acre(s)

Financial Information (Actual)

Gross Income $58,055
Operating Expense $23,060
Net Operating Income $34,995
Expense Ratio 39.7 %
Debt Info Owned free and clear

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $488

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