Contact Information

Kevin Hollingsworth

Mobile Home Park Details

  • Price: $3,000,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.2%
  • Property ID: 1393035
  • Posted On: Feb 12, 2021
  • Updated On: Feb 19, 2021

Property Description

38 spaces plus a studio. All RVs are park owned and are included in the sale. Only 2 block from a large shopping center. Public sewer. Public water. Rent includes gas & water. Tenants are billed for electric via sub-meters.

Location

Corner of Cogswell Rd. Just south of the #10 frwy and just west of the #605 frwy.

Amenities

  • Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 38
Total Occupancy: 97.0 %
Year Built: 1947
Average MH Lot Rent: $900
Size: 1 acre(s)

Financial Information (Pro Forma)

Gross Income $422,000
Operating Expense $139,000
Net Operating Income $223,000
Expense Ratio 32.9 %
Debt Info

Lot Information

Singlewide Lots: 38
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 38

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 38
Average Rent for Park-owned Homes: $900

Download Documents

Similar Mobile Home Parks for Sale