Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1536433
  • Posted On: Oct 14, 2021
  • Updated On: Jan 13, 2022

Property Description

Mobile Home Park in the Shenandoah Valley, Virginia with 100% occupancy in great location right next to a top county Middle School & High School. Expansion potential with county in need of more affordable housing options.
• 3 mobile homes park owned on a lease to own contract
• 8 mobile homes pay lot rent
• Onsite groundskeeper for snow removal and mowing
• Local park manager to oversee operations and maintenance
• Lot rent increase planned January 2022 (1st time lot rent has increased in 7 years)

Location

Located near Massanutten 4 Season Resort, Coors, Merck, James Madison University, Cargill and other major employers.

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 8
Total Occupancy: 100.0 %
Year Built: 1991
Average MH Lot Rent: $300
Size: 1 acre(s)

Financial Information

Gross Income $3,300
Operating Expense $350
Net Operating Income $2,950
Expense Ratio 10.6 %
Debt Info

Lot Information

Singlewide Lots: 8

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $300

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