Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.6%
- Listing ID: 3811143
- Posted On: Oct 10, 2023
- Updated On: Apr 22, 2024
Description
Mobile home park with 11 mobile homes, 3 RV spaces, and a single-family home. City Water and Septic. Incredible opportunity for high returns on investment. Potential to increase revenues through strategic improvements, diversifying rental options, and market rate rent adjustments. Ideal location and market demand make this a standout investment. Don't miss out on this exceptional opportunity in the thriving mobile home park market.
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Park Information
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $134,400 |
| Operating Expense: | $12,003 |
| Net Operating Income: | $122,397 |
| Expense Ratio: | 8.9 % |
Utility Information
| Water: | City |
| Sewer: | Septic |