Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.0%
- Listing ID: 1356604
- Posted On: Nov 16, 2020
- Updated On: May 28, 2021
Description
Lakin Brokerage is pleased to present Hillcrest Mobile Home Park in Springfield, Missouri. It is a park with good opportunity for an owner who will maximize its potential. It has city utilities and is convenient to Hwy 44 and shopping. It is being offered with Highland MHP which is less than 1/2 mile away. Sewer is 1/2 city and 1/2 septic.
Location
Springfield MO is a crossroads with many transportation and other employers. It has universities, hospitals, and a solid foundation.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 122 |
| Total Occupancy: | 50.0 % |
| Average MH Lot Rent: | $240 |
| Size: | 10 acre(s) |
Financial Information
| Gross Income: | $186,000 |
| Operating Expense: | $75,000 |
| Net Operating Income: | $110,000 |
| Expense Ratio: | 40.3 % |
Lot Information
| Singlewide Lots: | 122 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |
