Mobile Home Park Details
- Cap Rate: 6.5%
- Listing ID: 1905762
- Posted On: Oct 7, 2022
- Updated On: Jan 18, 2023
Description
Great opportunity to own a low maintenance turn-key investment in a booming market area. 6.5% Cap Rate! The property is located outside city limits (no zoning/restrictions) and consists of 6 mobile homes 100% occupied on a total of 3 acres. Rents currently bring in $8,075 each month and can easily be raised to achieve an even higher income.
The whole property consists of 3 parcels that can be sold together or individually. Get in touch with the agent to learn more, and don't miss out on this rare investment opportunity!
Location
Take Highway 80 and turn left onto Westridge Rd. Turn left onto Roots Rd.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 3 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1991 |
| Average MH Lot Rent: | $2,691 |
| Size: | 3 acre(s) |
Financial Information
| Net Operating Income: | $8,075 |
Lot Information
| Singlewide Lots: | 3 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |