Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 1966067
  • Posted On: Jan 3, 2023
  • Updated On: Mar 17, 2023

Description

-View our Deal Room and sign a Confidentiality Agreement to gain more information!
http://properties.greysteel.com/922520-sale

-Exceptional value-add opportunity with turnkey 94-site expansion, representing a 180% growth opportunity
-New construction of building, amenities, and infrastructure (2020 or newer)
-Attractive community amenities (office, dog park, laundry facilities, high-speed WiFi, DirectTV, swimming pool, covered outdoor picnic and BBQ area, playground, bathrooms, showers, and a pond)
-Strong lease-up despite no marketing
-Large lots (38’ x 50’) with two-car parking
-Two-level, 4,800 sqft metal building. First-floor opportunity: on-site convenience store, laundry expansion. Second-floor opportunity: on-site manager apartment, fitness center
-Upside on in-place rents
-Current owner/developer available to complete expansion
-Security cameras throughout the park
-Two 5,000-gallon water tanks
-Each lot has an independent conduit to the electric service rack (no daisy chains)
-Each lot has a backup shut-off valve in case of leaks or breaks

Location

-Outstanding location with easy highway access and frontage along interstate 20

Amenities

  • Laundromat
  • Pool
  • Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 52
Year Built: 2020
Average MH Lot Rent: $650
Size: 12 acre(s)

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic