Contact Information

Mobile Home Park Details

  • Price: $1,149,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.0%
  • Property ID: 1694463
  • Posted On: Jun 17, 2022
  • Updated On: Jun 17, 2022

Property Description

Income producing mobile home park! Three parcels are included in the sale totaling almost 5 acres with 14 mobile homes that are park owned. Currently, 13 homes are rented.
Park is large enough for additional units and/or double wide units.
3 units - 3 bed/2 bath; 3 units - 2 bed/2 bath; 8 units - 2 bed/1 bath Sold As-Is; Buyer to verify all information.
No sign on property, please respect tenants.

Location

I-295, East onto 103rd St to, South on Seaboard Ave to 110th St.

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Park Information

Number of MH Lots: 14
Total Occupancy: 92.0 %
Year Built: 1971
Average MH Lot Rent: $950
Size: 5 acre(s)

Lot Information

Singlewide Lots: 14

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 14
Average Rent for Park-owned Homes: $950

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