Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1907964
  • Posted On: Oct 12, 2022
  • Updated On: May 12, 2023

Description


Business investment needed? This established manufactured home park sitting on 7.88 +/ acres on the North End of busy Poplar Bluff is a turnkey investment with more room to grow and improve further. These properties do not hit the market often. Currently Gross Income $11,000! This property consists of 20 owner owned manufactured homes various sizes 1 - 3 bedrooms homes, 9 lots with 4 rented and 5 more available to rent at $275. Owner pays management, water, sewer, trash, and lawncare currently. Bonuses include vacant 4 bedroom 2 bath brick home with a basement and attached 2 car garage previously occupied by the management and office. 30x24 Storage shed for materials, tools, and currently working on three more units that will be rented within next 45 days.

Amenities

  • Storage
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 65.0 %
Average MH Lot Rent: $275
Size: 8 acre(s)

Financial Information (Pro Forma)

Gross Income: $9,895
Operating Expense: $3,500
Net Operating Income: $5,000
Expense Ratio: 35.4 %

RV Information

Number of RV Lots: 13
Average RV Lot Rent: $275

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: $575