Mobile Home Park Details

  • Purchase Method: Cash, New Loan, Assumable Loan
  • Cap Rate: 7.2%
  • Listing ID: 3787990
  • Posted On: Oct 5, 2023
  • Updated On: Apr 3, 2024


We are pleased to present the Whispering Trees community, truly an opportunity of a lifetime. This 22 unit community features all newly built HUD homes, not mobiles. All homes are under factory warranty. All units have band new electric meters & pedestals and new gas meters. You have a project with very low maintenance cost. The best part we have an assumable loan at significantly under current market rates. Don't let this opportunity pass you by

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Park Information

Community Type: All Age
Number of MH Lots: 22
Total Occupancy: 100.0 %
Year Built: 2020
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $266,580
Operating Expense: $74,344
Net Operating Income: $180,296
Expense Ratio: 27.9 %
Debt Info: 773,000 assumable

Lot Information

Park Model Lots: 22

Utility Information

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

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