Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 7.0%
  • Property ID: 1696855
  • Posted On: Jun 21, 2022
  • Updated On: Sep 8, 2022

Property Description

This Portfolio is located in Hamilton, MO. The portfolio consists of 40
developed Mobile Home Lots, 14 of which are currently being used as RV
lots. There is also the potential to put in additional lots at two of the
properties.

Contact Broker for Additional Details or visit https://property.creop.com/Portfolio/IMTVFIZP/ to review the OM

Location

Hamilton, MO is located in the Kansas City, MO MSA. Hamilton, MO is the home of Missouri Star Quilt Co. which employs over 450 people. The company recorded over $20 million in sales last year and is heavily invested in the town.

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

Park Information

Number of MH Lots: 40
Average MH Lot Rent: $375

Financial Information (Actual)

Gross Income $133,320
Operating Expense $28,955
Net Operating Income $104,365
Expense Ratio 21.7 %
Debt Info

RV Information

Number of RV Lots: 16
Average RV Lot Rent: $550

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 15
Average Rent for Park-owned Homes: $375

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