Contact Information

Mobile Home Park Details

  • Price: $750,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.6%
  • Property ID: 1356605
  • Posted On: Nov 16, 2020
  • Updated On: Mar 5, 2021

Property Description

Lakin Brokerage is pleased to offer a Springfield MO MHP portfolio. Highland is being sold with Hillcrest which is nearby. It has city utilities and has current cash flow plus upside.

Location

Springfield is a transportation hub with jobs in trucking and distribution. It offers hospitals, universities and extensive shopping.

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Park Information

Community Type: All Age
Number of MH Lots: 44
Total Occupancy: 75.0 %
Average MH Lot Rent: $240
Size: 5 acre(s)

Financial Information

Gross Income $99,000
Operating Expense $49,000
Net Operating Income $50,000
Expense Ratio 49.5 %
Debt Info

Lot Information

Singlewide Lots: 44
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

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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