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
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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

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