Contact Information

Benny Spensieri
CRES Corp International, LLC

Mobile Home Park Details

  • Price: $1,500,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 6224116
  • Posted On: Jun 14, 2024
  • Updated On: Jun 21, 2024


This offering is a 100% Occupied – 100% Turn-Key MHP that includes:

-9 MH Spaces/1RV Space
-9 MH Units
-1200 SF Single Family Home
-Property Management (Lives Rent Free Unit 2)
-Year Built: 1983 Renovated: 2022
-Zoning PD

Current Financial Information:

-Gross Revenue: $162,600
-NOI: $134,328

Prior owner has added upgrades that include:
-New septic drain fields
-New water tank with a filtration system for the well
-New power lines and power poles that are metered separately for
the entire park
-New fence surrounding the property
-New gravel road throughout
-Fully renovated MH Units
The new owner is simply purchasing significant cash flow!
Asking Price: $1.5M OBO
Financing: Financing is available through Vanderbilt Mortgage & Finance, the lender currently providing the note/mortgage for this property. Rate & terms are TBD, but may offer 25%-35% down payment.

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

Park Information

Number of MH Lots: 9
Total Occupancy: 100.0 %
Year Built: 1952
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $162,600
Operating Expense: $28,272
Net Operating Income: $134,328
Expense Ratio: 17.4 %

Lot Information

Singlewide Lots: 9

RV Information

Number of RV Lots: 1

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $1,400

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