Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 1922080
- Posted On: Oct 29, 2022
- Updated On: May 31, 2023
Description
The “Happy Day” MHP/RV park is comprised of approximately 30-acres of land which currently includes 131 Mobile Home/RV lots, and 18-Residental Homes. The property is zoned Commercial/Industrial and has about 1320’frontage on US Hwy 92 West.
• 128-MH/RV spaces (zoning permits both)
• 58 Park Owned MH’s
• 18 Residential Homes
• Plans for 100 Additional Spaces
• 30-acres MOL
• Office Building
• Laundry Room/Public Restrooms
• 2 Storage Buildings
• WWTP/Well/City Water
The park is producing:
• Occupancy (2021): 52% (Combined MHP/RV/Homes)
• Gross Revenue: $620,544 (2021)
Residential Units: Located on Webb Ln. Webb Lane is located on the eastside of the park property and could be considered as a separate sale from the MHP. It consists of 18 homes. Current status is as follows:
18 SFR
• 14 Rented
• 4 Under/Needs Renovations
• 1 Vacant
Amenities
- Laundromat
Park Information
| Number of MH Lots: | 128 |
| Total Occupancy: | 52.0 % |
| Average MH Lot Rent: | $500 |
| Size: | 30 acre(s) |
Financial Information (Actual)
| Gross Income: | $650,000 |
| Net Operating Income: | $450,000 |
Lot Information
| Singlewide Lots: | 128 |
| Park Model Lots: | 60 |
RV Information
| Number of RV Lots: | 128 |
| Average RV Lot Rent: | $500 |
Utility Information
| Water: | Well |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 60 |
| Average Rent for Park-owned Homes: | $800 |