Contact Information

Marshall Rawlings

Mobile Home Park Details

  • Price: $395,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 18.0%
  • Property ID: 1251935
  • Posted On: May 6, 2020
  • Updated On: May 6, 2020

Property Description

This is a beautiful park in the hills of Western Virginia. The property is 13.5 acres. There are 17 pads on 7 acres with plenty of room for expansion. There are 16 park owned homes and one tenant owned home. Four homes are Section 8 housing while more could be if desired.The average rent is $400 mo. The water is independently metered. The sewage is septic tanks. There is a maintenance shed in excellent shape big enough to hold one large vehicle. There is a manager on site.

Location

The park is located in the beautiful rolling hills of Western Virginia. With the park on 7 acres there are 6.5 acres for expansion or to use as a homesite. It is a beautiful site full of deer and bear.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 82.0 %
Year Built: 2002
Average MH Lot Rent: $400
Size: 14 acre(s)

Financial Information (Pro Forma)

Gross Income $6,750
Operating Expense $825
Net Operating Income $5,925
Expense Ratio 12.2 %
Debt Info None

Lot Information

Singlewide Lots: 17
Doublewide Lots: 0
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: Septic

Park-Owned Homes

Number of Park-owned Homes: 16
Average Rent for Park-owned Homes: $400

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