Contact Information

Mobile Home Park Details

  • Price: $1,200,000
  • Cap Rate: 12.1%
  • Property ID: 1346369
  • Posted On: Oct 26, 2020
  • Updated On: Dec 22, 2020

Property Description

Big Cedar MHC consists of 47 approved home spaces situated on 8.817 acres of land, with room for 3 additional sites (subject to county approval). The property is serviced by city water and a waste treatment plant.

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A new operator has the ability to renovate the vacant park owned homes and bring in homes and fill the vacant sites.

• City Water, Submetered. Flat Fee Paid by Residents
• Quality Park Owned Homes
• Opportunity to Increase Occupancy By Renovating Homes & Bringing in New Homes

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Park Information

Community Type: All Age
Number of MH Lots: 47
Total Occupancy: 85.0 %
Year Built: 1974
Average MH Lot Rent: $290
Size: 9 acre(s)

Financial Information (Actual)

Gross Income $214,723
Operating Expense $69,636
Net Operating Income $145,087
Expense Ratio 32.4 %
Debt Info

Lot Information

Singlewide Lots: 44
Doublewide Lots: 3

Utility Information

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

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