Mobile Home Park Details
- Cap Rate: 14.0%
- Listing ID: 1416323
- Posted On: Apr 1, 2021
- Updated On: Sep 17, 2021
Description
Very Large Investment Park!
325 Lot Park
30 Owner occupied @ $150
29 RV Occupied Lots @ $550
7 Park Owned @ $500
Additional Office Building-12x56 and Storage Building-30x30
229 Vacant Lots MH/RV
Only 30 Undeveloped Lots
HAVE A PARK TO SELL?
Frank - BIRCH REALTY (727)-592-2418
Location
Osceola is located in a beautiful small town right on the Tennessee/Arkansas border, just outside Memphis. With the attractiveness of the Mississippi river flowing just minutes from the park, this property won’t last long!
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 229 |
| Year Built: | 1975 |
| Average MH Lot Rent: | $150 |
| Size: | 30 acre(s) |
Financial Information (Actual)
| Gross Income: | $346,618 |
| Operating Expense: | $141,895 |
| Net Operating Income: | $204,723 |
| Expense Ratio: | 40.9 % |
RV Information
| Number of RV Lots: | 29 |
| Average RV Lot Rent: | $550 |
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: | $500 |
