Contact Information
Park Place Communities
Mobile Home Park Details
- Price: $4,250,000
- Purchase Method: Cash
- Property ID: 1356607
- Posted On: Nov 16, 2020
- Updated On: Nov 19, 2020
Property Description
2 MHPs next to each other at 84% occupancy. Great value add opportunity..
2nd Park = 1443 Old Hwy 95, Lenoir City, TN 37771
Location
http://parkplacecommunities.com/a4-a4ii-mobile-home-park/
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 122 |
| Total Occupancy: | 84.0 % |
| Average MH Lot Rent: | $225 |
Financial Information (Actual)
| Gross Income | $387,354 |
| Net Operating Income | $182,813 |
| Debt Info |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 57 |
| Average Rent for Park-owned Homes: | $270 |
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