Contact Information

Mobile Home Park Details

  • Price: $850,000
  • Purchase Method: Cash, New Loan, Assumable Loan
  • Cap Rate: 7.0%
  • Property ID: 1334059
  • Posted On: Oct 2, 2020
  • Updated On: Oct 2, 2020

Property Description

18 Lots --- 100% occupancy. 14 homes in the park are less than 4 years old

***Lot Rent Only Park***

$5400 monthly revenue

With full price offer we will pave the road and manage the park at no charge for 2 years. Your $5400 check will arrive each month before the 10th (less power bill and taxes)

Location

5 miles North of Cairo, Ga

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

Park Information

Number of MH Lots: 18
Total Occupancy: 100.0 %
Year Built: 2016
Average MH Lot Rent: $300
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $64,800
Operating Expense $4,800
Net Operating Income $60,000
Expense Ratio 7.4 %
Debt Info

Lot Information

Singlewide Lots: 17
Doublewide Lots: 1
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

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