Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Listing ID: 1712429
  • Posted On: Jul 14, 2022
  • Updated On: Sep 21, 2022

Description

Mobile Home Park! Est 5 acres! Numbers are good on this one! There are 17 homes w/ room to expand to 37! They rent for $455 - $525. Or you can charge lot rent for $250. The 17 look like tiny houses! Look at the pictures! Call for numbers. You will be surprised! They are all full w/ a waiting list.

Location

Military Rd to Southeastern to Lee Mac Drive. With in 5 miles of LRAFB.

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Park Information

Community Type: All Age
Number of MH Lots: 37
Total Occupancy: 100.0 %
Average MH Lot Rent: $450,525
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $91,746
Operating Expense: $21,946
Net Operating Income: $69,799
Expense Ratio: 23.9 %

Lot Information

Park Model Lots: 37

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 17
Average Rent for Park-owned Homes: $450,525

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