Mobile Home Park Details

  • Cap Rate: 10.9%
  • Listing ID: 1346369
  • Posted On: Oct 26, 2020
  • Updated On: Oct 20, 2021

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.

Seller can carry a 240k note for the right buyer. Note would be secured by the mobile home inventory.

Check out www.buythispark.com for instant access to all due diligence material.

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

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

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

Gross Income: $208,117
Operating Expense: $77,849
Net Operating Income: $130,268
Expense Ratio: 37.4 %

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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