Contact Information
Kris Hodges
Mobile Home Park Details
- Price: $350,000
- Purchase Method: Cash, New Loan
- Cap Rate: 6.8%
- Property ID: 1273211
- Posted On: Jun 18, 2020
- Updated On: Jun 18, 2020
Property Description
Great value add
Approximately 4 acres
Zoned for 21 space park w/ large home
17 usable w/ opportunity to add 4 more
3 vacant park owned homes
Current lot rent $200/month
Current gross rent $2900/month
Nearby lot rent $245/month (includes sewer and trash)
Tenants direct billed public water
2 septic systems - sewer included w/rent
Both systems professionally managed by certified operator
Dumpster/trash service provided by parish (county)
Large home rents for $850/month
Gravel roads recently improved by current owner
New LED security lighting installed by current owner
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 17 |
| Average MH Lot Rent: | $200 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income | $34,800 |
| Operating Expense | $10,944 |
| Net Operating Income | $23,856 |
| Expense Ratio | 31.4 % |
| Debt Info |
Lot Information
| Singlewide Lots: | 17 |
| Doublewide Lots: | 0 |
| 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: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $0 |