Contact Information

Kendall Williamson

Mobile Home Park Details

  • Price: $650,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Property ID: 1251184
  • Posted On: May 4, 2020
  • Updated On: Jun 23, 2020

Property Description

Prime investment for someone interested in low maintenance and management costs.
All utilities are direct billed to the tenant. City W/S/T.
City maintained streets.
Electronic Leases
Online Rent Collection or CashPay through Rent Manager
Tenants upkeep lawns
Completed major capital expenditure from 2018-2020.
High tenant demand
Clean Phase 1 Environmental

Location

Conveniently located close to Walmart, shopping, public transportation, fast food restaurants, etc.

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

Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 95.0 %
Average MH Lot Rent: $300

Financial Information (Actual)

Gross Income $86,400
Operating Expense $18,232
Net Operating Income $68,167
Expense Ratio 21.1 %
Debt Info

Lot Information

Singlewide Lots: 19
Doublewide Lots: 1
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $253

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