Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 5.0%
  • Listing ID: 1466797
  • Posted On: Jun 28, 2021
  • Updated On: Sep 1, 2021

Description

117 Lot Mobile Home Park on 35 acres a mixture of tenant owned homes and some park owned homes. Paved streets, city water and sewer. 2 miles from new asphalt distribution plant and a few miles from what will be a new 160,000 sq ft cryptocurrency data center there in town.

Location

Located between a brand new Holiday Inn Express Hotel, and the local St. Joseph's Hospital.

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

Park Information

Community Type: All Age
Number of MH Lots: 117
Total Occupancy: 50.0 %
Year Built: 1975
Average MH Lot Rent: $190
Size: 35 acre(s)

Financial Information (Actual)

Gross Income: $111,000
Operating Expense: $80,000
Net Operating Income: $30,000
Expense Ratio: 72.1 %

Lot Information

Singlewide Lots: 100
Doublewide Lots: 17

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $170

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 20
Average Rent for Park-owned Homes: $450

Similar Mobile Home Parks for Sale