Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.6%
- Listing ID: 1356605
- Posted On: Nov 16, 2020
- Updated On: May 28, 2021
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.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
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 % |
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 |
