Contact Information

Mobile Home Park Details

  • Price: $389,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 3597306
  • Posted On: Aug 28, 2023
  • Updated On: Jan 10, 2024

Description

Welcome to your starter park you have been looking for. This has been a good park for us, but we have other things that are drawing our attention away.

33 lots, 21 occupied TOHs, and 1 POHs(vacant), duplex with 1 tenants paying $800 occupying both sides . 11 vacant lots. city water/septic sub metered with metron meters. Septic is in working order..

Park is small, but solid cash flow for someone who wants to get started or is looking to see what MHP is about.

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

Park Information

Community Type: All Age
Number of MH Lots: 35
Total Occupancy: 50.0 %
Year Built: 1980
Average MH Lot Rent: $350
Size: 12 acre(s)

Financial Information (Pro Forma)

Gross Income: $60,000
Operating Expense: $30,000
Net Operating Income: $30,000
Expense Ratio: 50.0 %
Debt Info: cash or new loan/hard money

Lot Information

Singlewide Lots: 33

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $0

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