Contact Information

Mobile Home Park Details

  • Price: $150,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.7%
  • Property ID: 1237790
  • Posted On: Apr 2, 2020
  • Updated On: May 8, 2020

Property Description

Income producing mobile home park with large amount of upside potential. Currently the property has 8 owner occupied trailers and there are 8 others on site in need of repairs. On site lawn and snow care. Owner pays for water, sewer, and trash. See attached property flyer for more information.

Property may also be purchased with two other parks, contact broker for details.

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: 100.0 %
Year Built: 1963
Average MH Lot Rent: $265
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $23,974
Operating Expense $15,362
Net Operating Income $8,612
Expense Ratio 64.1 %
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

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