Contact Information

Chuck Gray

ReMax Truman Lake

Mobile Home Park Details

  • Price: $650,000
  • Purchase Method: Seller Financing
  • Cap Rate: 93.0%
  • Property ID: 1553921
  • Posted On: Nov 16, 2021
  • Updated On: Nov 16, 2021

Property Description

20-Total RV & Mobile home lots 8- Park owned homes.5- Private owned homes lot rents only. 1-Stick built 3-bed 1-bath home leased (Tenant has $80,000 purchase option on home see attached) Located on 1.7 acres within city limits. 7-Vacant lots. Market rent est. at $140 per month City water and sewer. Tenants pay own water, sewer & electric. (services in Tenants name) New coin operated washer and dryer. One paved city street and one graveled interior road. Owner pays streetlights, electric, water and sewer for laundry room

Location

This property is in Henry County. The county population is 22,000 +/-. The trade area population is 100,000 +/-. Seasonal population increases substantially from March to October. Thus, creating a high demand for RV and Mobile home “Lake Homes”. There are only 5-marinas located / allowed on Truman Lake. Four of the five are privately owned and operate under a ground lease with the Army Corps. One marina “State Park” is operated by the state. All marinas have public boat ramps. So, access to the lake is limited to the marinas and a few Corps operated boat ramps.

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 93.0 %
Year Built: 1970
Average MH Lot Rent: $140
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $75,531
Operating Expense $16,687
Net Operating Income $58,844
Expense Ratio 22.1 %
Debt Info 37010

Lot Information

Singlewide Lots: 20

RV Information

Number of RV Lots: 7
Average RV Lot Rent: $140

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $615

Download Documents

Similar Mobile Home Parks for Sale