Mobile Home Park Details

  • Cap Rate: 14.0%
  • Property ID: 1416323
  • Posted On: Apr 1, 2021
  • Updated On: Sep 17, 2021

Property 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 %
Debt Info

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

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