Contact Information

Mobile Home Park Details

  • Price: $299,500
  • Distressed: This property is in default, REO or in foreclosure.
  • Cap Rate: 7.0%
  • Property ID: 1340849
  • Posted On: Oct 15, 2020
  • Updated On: Nov 12, 2020

Property Description

34-lot mobile home park for sales at great discount.

Monthly rental income is $2140 / 8 lots.
5 lots are vacant and can be rent to RV owners.
Other lots have mobile homes there, three can be rentable now and others need renovation.
Especially, the road running through the mobile home park is very good condition.
With two more tenants, cap rate can be 10% no doubt!
If you know how to take care of the park, 20 tenants more will come for sure and this park will become your gold-egg hen.
If you are interested in, please contact me for more details:
Hai Nguyen
Tel: 870-740-9286

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Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 23.0 %
Average MH Lot Rent: $250
Size: 5 acre(s)

Financial Information (Pro Forma)

Gross Income $25,680
Operating Expense $4,600
Net Operating Income $21,080
Expense Ratio 17.9 %
Debt Info

Lot Information

Singlewide Lots: 33
Doublewide Lots: 1

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 24
Average Rent for Park-owned Homes: $350

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