Contact Information

Mobile Home Park Details

  • Price: $1,200,000
  • Purchase Method: Cash
  • Cap Rate: 8.8%
  • Listing ID: 4444750
  • Posted On: Feb 16, 2024
  • Updated On: Feb 23, 2024


Nice little quiet community, large lots, on a dead end street. Seventeen lots, Sixteen lots with Park owned homes, one empty lot intentionally left vacant for a owner/manager's home. Park runs on two wells (one is new currently being drilled), each home has its own septic tank, so both are free to tenant and only fee to owner is electric to run well pumps, which is minimal.


Park is right off I95 via Pecan Park Rd exit, take a right off the exit go straight thru the next light to small white church take a right and take your next left and you will see Ocean Pines and you are there.

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Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 99.0 %
Average MH Lot Rent: $450
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $168,000
Operating Expense: $49,566
Net Operating Income: $118,735
Expense Ratio: 29.5 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 16
Average Rent for Park-owned Homes: $868

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