Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 6.0%
  • Listing ID: 476424
  • Posted On: Oct 11, 2014
  • Updated On: May 17, 2022

Description

Well maintained park located in a busy, growing community. Our park is made up of 58 mobile home lots with permanent homes in 54 spaces. All vacant mobile home spaces can be either mobile home or RV spaces. No park owned homes. An additional 58 RV/Camping full hook up spaces for long term campers, most staying 6-9 months. An additional 8 spaces are undeveloped. Our base lot rent is $275 for mobile homes and $500 for camper/RV parking per month. Additional rental house-$1100 monthly or to be used as managers office/quarters. Small laundromat onsite, machines are park owned. All parking is at each lot and trash is picked up at each lot. Mobile home tenants pay water, sewer & electric. Park is on city water and sewer. City sewer was installed in 2016 and city water in 2021. Mobile home sites have new meters. New asphalt in several RV spaces. This is a great property in a growing city in need of both affordable housing and temporary housing for the wind farm, pipeline, road crews and traveling nurses, etc. Many new building projects coming to Norfolk. Huge demand for both permanent and temporary housing. Current manager and maintenance live on site and may be willing to stay. To be negotiated with new owners


Please call or email with any questions. Serious inquires only please.

Mark and Terri Ewin
602-820-4427

Location

Located in Norfolk, NE a growing community in need of affordable housing.

Amenities

  • Laundromat
  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 106
Total Occupancy: 98.0 %
Year Built: 1970
Average MH Lot Rent: $275
Size: 15 acre(s)

Financial Information (Actual)

Gross Income: $332,631
Operating Expense: $95,782
Net Operating Income: $236,849
Expense Ratio: 28.8 %

Lot Information

Singlewide Lots: 49
Doublewide Lots: 5

RV Information

Number of RV Lots: 58
Average RV Lot Rent: $500

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City