Contact Information

Steven And April Benecki

Mobile Home Park Details

  • Price: $300,000
  • Purchase Method: Cash
  • Cap Rate: 12.4%
  • Property ID: 1228781
  • Posted On: Mar 13, 2020
  • Updated On: Jan 25, 2021

Property Description

Great income property!! This property zoned R1T and land use code 350 (manufactured home park).

The park is 17 lots, which are set up to accept either mobile homes or RV's. City water, city sewer, trash pick up. Park does not own any homes. Several home are owned by park manager, who subleases the spaces, and in turn pays the park owner lot rent for those spaces. All tenants are long-term. Electric is paid by tenants. Park manager in place to collect rent, manage tenants, etc.

There is VERY high demand. 1 space is currently rent-free for a veteran, which will be left to new owner's discretion. This is in no way obligatory.

I have installed backflow preventers, repaired sewer lines, and upgraded electrical connections so the park is fully operational and ready for it's new owner! Water lines are new within 4 years, all schedule 80 PVC pipe.

My wife and I just had a baby, and we’re living out in Virginia near family. We have a great park manager in place, but we’re looking to consolidate our investments closer to home.

Do not contact manager or disturb tenants without prior permission.

Location

In downtown city of Hawthorne, NV. Located on city-maintained street.

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

Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 100.0 %
Year Built: 1967
Average MH Lot Rent: $225
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income $54,300
Operating Expense $16,969
Net Operating Income $37,330
Expense Ratio 31.3 %
Debt Info None - I own the park outright

Lot Information

Singlewide Lots: 0
Doublewide Lots: 17
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: City

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0

Download Documents