Mobile Home Park Details

  • Purchase Method: Assumable Loan
  • Cap Rate: 5.6%
  • Property ID: 1547144
  • Posted On: Nov 2, 2021
  • Updated On: Dec 20, 2021

Property Description

Marcus & Millichap is pleased to present the opportunity to acquire Mobile Manor, an all age manufactured housing community located in Rosedale, Maryland - just outside of Baltimore. The community contains 36 sites that are 100 percent occupied serviced by public water and sewer.

Due to its location in the Baltimore MSA and easy access to US-40, its residents can benefit from a variety of activities, restaurants and shopping within a 20 minute drive.

Within a 15 mile radius of the community, the area boasts a population greater than 1,500,000 and a median housing value of $242,593.

Debt assumption terms are 3.39%, 12 year term, and 5 years I/O, with an origination date of 12/2019.

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

Park Information

Community Type: All Age
Number of MH Lots: 36
Total Occupancy: 100.0 %
Average MH Lot Rent: $630
Size: 4 acre(s)

Financial Information (Pro Forma)

Gross Income $275,184
Operating Expense $78,821
Net Operating Income $196,363
Expense Ratio 28.6 %
Debt Info

Lot Information

Singlewide Lots: 36

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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