Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1373303
  • Posted On: Dec 30, 2020
  • Updated On: Feb 1, 2021

Property Description

The owner of Ireland Drive Mobile Home Park is retiring and putting this high income producing park up for sale. It consists of 25 Various aged park owned homes, with an office and storage building. The park is split with Ireland Dr in between with 13 units on one side and 12 on the other. Land is 4 acres, zoned light commercial, residential. There are 9 septic tanks, county water through PWC service with 2 park paid meters.

This is a well maintained park with low turnover in tenants. All mobile homes have electric heat, mostly window air, 2 central units, tenants pay electric. Mobile Homes have been remodeled, 90% have 3/4 plywood floors, pex plumbing and 200 amp service. to avoid future problems. Dumpster is provided on each side of the park with locking mailbox. Rents range from $450 to $750 per month, with 24 rented 1 in process. Rent increase is due this January adding $7200 per year.

It is a great location for you and tenants with Family Dollar next door, fruit market across the street, 1 mile from the library and fire station, 2 miles from hospital, 3 schools, 3 churches within 3 miles. Downtown, Walmart, Lowes all 15 minutes away. This is a great income producing park with minimal maintenance. Take a look!

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Park Information

Community Type: All Age
Number of MH Lots: 25
Total Occupancy: 96.0 %
Year Built: 1970
Average MH Lot Rent: $600
Size: 4 acre(s)

Financial Information

Gross Income $136,902
Operating Expense $40,676
Net Operating Income $96,226
Expense Ratio 29.7 %
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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