Mobile Home Park Details

  • Cap Rate: 9.5%
  • Listing ID: 1489738
  • Posted On: Aug 3, 2021
  • Updated On: Mar 14, 2022

Description

**PLEASE ONLY CONTACT THROUGH INQUIRY FORM**
**Please do not try to contact via phone**
*Property Breakdown
-153 Lots
-19 Empty Lots
-36 Tenant Owned Homes
-98 Park Owned Homes
-134 Occupied in Total
*The Property has Public Water
*The Property has Public Sewer
*The Park has paved roads
*Value Add Opportunity
-Opportunity to Sub-Meter the utilities

Location

Jackson, Mississippi Metro Area
-Population: 578.565
-Median Home Price: $131,606
Located 3.5 Miles from the Airport
-Right by the Jackson-Medgar Wiley Evers International Airport
A true Family Park
-Located right next to Funtime Skateland of Pearl Mississippi
-Located 1.1 Miles from Pearl Jr. High School
-Located under a mile from Pearl Elementary School
-Located .7 Miles away from The Bounce Palace, a mini-golf and
children's party palace
-Located just 1.3 Miles away from Pearl City Parks and Recreation
Center, where families and youth groups go to enjoy picnics, play
sports such as baseball, football, basketball and more.
Conveniently Located Facilities Near Southern
Gardens MHP
-Sonic Drive-In is right next to the park
-Walgreens is only 1.2 Miles away
-CVS is only .9 Miles away
-Dollar General is just 1.2 Miles from the park
-Pizza Hut, 1.2 Miles Away
-Taco Bell -1.2 Miles Away
3.5 Miles from the Outlets of Mississippi
The Outlets have many retail stores such as:
-Adidas, Ann Taylor, American Eagle, Banana Republic, Bath and
Body Works, Carters, Coach, Cole Haan, Gap , Michael Kors ,
Nike, Ralph Lauren and more

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

Park Information

Number of MH Lots: 153
Total Occupancy: 85.4 %
Average MH Lot Rent: $285
Size: 19 acre(s)

Financial Information (Actual)

Gross Income: $939,670
Operating Expense: $474,094
Net Operating Income: $331,441
Expense Ratio: 50.5 %

Lot Information

Singlewide Lots: 153

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 98
Average Rent for Park-owned Homes: $580