Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0% (Actual)
- Listing ID: 405044
- Posted On: Sep 26, 2013
- Updated On: Apr 23, 2014
Description
MOTIVATED SELLER!! This is an excellent opportunity to acquire a 100% Occupied Mobile Home Park with SIGNIFICANT VALUE ADD Potential! Blue Springs Mobile Home Park is currently being operated as a 31 unit park consisting primarily of park-owned homes. There is an on-site property manager that is willing to stay on board for a new owner. Under new operations, this 14.5+/- Acre Park has the capability to utilize the additional 38 lots that are already fully serviced with utilities/electrical/septic. Expanding as such would bring the unit count to 69 Units and would nearly DOUBLE the current NOI!
For further information or to receive an Offering Memorandum, please call the Coach Cook Team at 1-866-457-5327.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 31 |
| Total Occupancy: | 100.0 % |
| Size: | 15 acre(s) |
Financial Information (Actual)
| Gross Income: | $154,620 |
Lot Information
| Singlewide Lots: | 31 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |