Contact Information

Mobile Home Park Details

  • Price: $265,000
  • Purchase Method: Cash, Seller Financing
  • Property ID: 1233612
  • Posted On: Mar 23, 2020
  • Updated On: Mar 24, 2020

Property Description

Mobile home park with 15 MH lots. Also includes 2 homes currently rented a 3rd house used for storage.

Mobile home park is adjacent to an additional 6.5 acres+/- which is also for sale for possible expansion

Location

Park located in Mitchell, SD(in city limits) and approximately 1/2 mile from Interstate I-90

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

Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 100.0 %
Year Built: 1975
Average MH Lot Rent: $140
Size: 3 acre(s)

Financial Information (Actual)

Gross Income $38,015
Operating Expense $22,333
Net Operating Income $15,682
Expense Ratio 58.7 %
Debt Info none

Lot Information

Singlewide Lots: 15
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 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: $140