Contact Information

Mobile Home Park Details

  • Price: $550,000
  • Cap Rate: 7.5%
  • Property ID: 1381524
  • Posted On: Jan 19, 2021
  • Updated On: Feb 27, 2021

Property Description

Great investment opportunity! Experienced owner and stabilized mobile home park in Laurens County for sale. 4 park owned pads and 11 park owned homes. Very low vacancy rate. Contact me for questions relating to revenue, expenses etc.

Location

Corner of Hwy 221 and New Prospect Rd

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 95.0 %
Year Built: 1970
Average MH Lot Rent: $220
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $81,860
Operating Expense $38,340
Net Operating Income $43,520
Expense Ratio 46.8 %
Debt Info None

Lot Information

Singlewide Lots: 14
Doublewide Lots: 1

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $352

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