Contact Information

Mobile Home Park Details

  • Price: $495,000
  • Purchase Method: Cash
  • Cap Rate: 10.3%
  • Listing ID: 3192716
  • Posted On: Jun 21, 2023
  • Updated On: Feb 9, 2024


Granby MHP is a 14 pad park with huge value add potential. Rents are way under market rents at $175 per pad. Market rents are $250 per pad and higher in the immediate area. This increase will add an additional $5,400 per year to the bottom line. There is one vacant spaces that can be filled with a home and immediately rented to the Economic Improvement Council (EIC) (100% of rent for these POHs are paid by the EIC) in which all of the 6 POHs are currently rented to for an average of $750 per month. Adding the one new home will increase income by at least $9,000 per year.

This is a great investment opportunity for new ownership with the incredible value add components that this property has to offer.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 86.0 %
Average MH Lot Rent: $175
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $66,600
Operating Expense: $15,561
Net Operating Income: $51,039
Expense Ratio: 23.4 %

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $750

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