Contact Information

Mobile Home Park Details

  • Price: $1,540,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 7.0%
  • Property ID: 1356604
  • Posted On: Nov 16, 2020
  • Updated On: Dec 8, 2020

Property 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.

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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 %
Debt Info

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

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