Contact Information

Mobile Home Park Details

  • Price: $600,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 3057088
  • Posted On: Jun 4, 2023
  • Updated On: Jan 31, 2024

Description

Mobile Home Park in highly desirable city location in Maryville TN. Close to shopping restaurants and businesses.

Location

Approximately 2 acres with 9 mobile homes. Has 10 lots for Mobile Homes. All homes are occipied.

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Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 100.0 %
Year Built: 1995
Average MH Lot Rent: $700
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $70,500
Operating Expense: $500
Net Operating Income: $70,000
Expense Ratio: 0.7 %

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $700

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