Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.1%
- Listing ID: 1475631
- Posted On: Jul 12, 2021
- Updated On: Sep 3, 2021
Description
Awesome 51 Unit All Seasons Motel, Mobile Home and RV Park Investment With 60,000+ Sq Ft To Expand. Add 100-150+ Storage Units For $150,000 To $180,000 Additional Income. 2021 Proforma $538,538.52, $290,539.21 Net Proforma. 9.08% Cap. Price Includes a Warehouse, Newer Double Wide, 15 Single Wides, 10 RV Spaces and 24 Room Motel. All On City Sewer And Water. Don't Miss Out On This Rare Opportunity To Own A 4.17 Acre 51 Unit Investment On Prime Highway 2 Frontage With Unlimited Income Potential!!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Year Built: | 1955 |
| Size: | 4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $538,538 |
| Operating Expense: | $247,999 |
| Net Operating Income: | $290,539 |
| Expense Ratio: | 46.1 % |
Lot Information
| Singlewide Lots: | 15 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
RV Information
| Number of RV Lots: | 10 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |