Contact Information

Mobile Home Park Details

  • Price: $1,595,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 8.0%
  • Listing ID: 3508537
  • Posted On: Aug 11, 2023
  • Updated On: Apr 4, 2024

Description

Clean 7 Acre Mobile Home Park:

All 29 rentals are fully remodeled: $17,000 average per home. Like new condition.

3 Vacant Units remodeled and ready to rent.

2 Vacant Lots

1 Owner Occupied

Stick Built House 1000mo - on its own parcel

1 Office
1 Duplex - $1,800 total rent.

Roads are newly repaved.

7 homes have the frame, need to be rebuilt or removed.

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

Park Information

Community Type: All Age
Number of MH Lots: 40
Total Occupancy: 75.0 %
Year Built: 1969
Average MH Lot Rent: $575
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $193,140
Operating Expense: $65,171
Net Operating Income: $126,967
Expense Ratio: 33.7 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 29
Average Rent for Park-owned Homes: $600

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