Contact Information

Mobile Home Park Details

  • Price: $250,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.2%
  • Property ID: 478291
  • Posted On: Oct 20, 2014
  • Updated On: Jul 11, 2020

Property Description

Property is a 9.2% cap rate on current numbers! Pinto Creek Mobile Home Park is a small non-age restricted park with lots of green trees and shade that consists of 15 spaces and 4 park owned homes on approx. 3 acres. Low space rents at $225 mo inc W/S/T - $50 upside in monthly rents! /Units average $474 per mo. w $25 mo. upside! Upside to a 13% Cap Rate!
see the attached marketing package for details.

Contact Broker for a marketing package.

Location

Located on old State Route 188 / N Wheatfields Road in the Globe - Miami area.

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

Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 95.0 %
Year Built: 1966
Average MH Lot Rent: $225
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income $45,657
Operating Expense $22,630
Net Operating Income $23,027
Expense Ratio 49.6 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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