Contact Information

Alexander Bardis

Mobile Home Park Details

  • Price: $1,250,000
  • Purchase Method: Cash
  • Cap Rate: 8.0%
  • Listing ID: 4575929
  • Posted On: Feb 29, 2024
  • Updated On: Feb 29, 2024


27 Unit Cash Cow in South NJ. No rent control. Has Wells and Septics. No owner Financing. Manager in place. Huge upside as their is no rent control which is rare in NEW JERSEY for MHP. Water is sub metered. 100% Economic Occupancy.

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Park Information

Number of MH Lots: 27
Total Occupancy: 96.0 %
Year Built: 1960
Average MH Lot Rent: $657
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $225,579
Operating Expense: $126,812
Net Operating Income: $98,767
Expense Ratio: 56.2 %

Utility Information

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

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