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: Oct 18, 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 need to bring new mobile homes to.
Other lots have mobile homes there, some can be rentable and others need remodel.
There are huge potential upgrade for new investors who can take care of the park to attract more tenants.
If you are interested in, please contact me at:
Hai Nguyen
Email: hai.srmhp@gmail.com
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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