Contact Information
Mobile Home Park Details
- Price: $1,700,000
- Purchase Method: Cash, New Loan
- Cap Rate: 6.1%
- Property ID: 1359775
- Posted On: Nov 24, 2020
- Updated On: Jan 15, 2021
Property Description
JTACR is pleased to have the opportunity to present Paris Mobile Home Park For Sale.
This opportunity consists of a 75 unit community, located in the city of Paris. Property offers an opportunity to add amenities, improve current homes, and establish on site management.
Contact JTACR for full packet, financial analysis, and location specifics.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 75 |
| Total Occupancy: | 56.0 % |
| Year Built: | 1985 |
| Average MH Lot Rent: | $350 |
| Size: | 8 acre(s) |
Financial Information (Pro Forma)
| Gross Income | $165,198 |
| Operating Expense | $45,366 |
| Net Operating Income | $119,832 |
| Expense Ratio | 27.5 % |
| Debt Info |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $150 |
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