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Mobile Home Park Details

  • Price: $375,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.9%
  • Listing ID: 6479793
  • Posted On: Jul 2, 2024
  • Updated On: Jul 9, 2024


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Introducing WEST C STREET MHC in Torrington, WY! This manufactured housing community presents a rare opportunity to own 8 rental homes, including 7 mobile homes and a stick-built residence. Boasting a 100% occupancy rate, the property features city water and sewer services billed directly to residents, ensuring convenience and ease of management. With an IN-Place Cap Rate of 8.88%, this investment offers a solid financial outlook, generating an IN-Place NOI of $33,310. Ideal for savvy investors, the community is well-maintained and strategically located in a desirable neighborhood. On-site management is already in place, streamlining operations for the next owner. Don't miss your chance to acquire this profitable property and continue maximizing its potential. Contact us for more details on WEST C STREET MHC at 1217 & 1303 West C Street, Torrington, WY 82240.

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Park Information

Number of MH Lots: 8
Total Occupancy: 100.0 %

Financial Information (Actual)

Gross Income: $50,400
Operating Expense: $17,090
Net Operating Income: $33,310
Expense Ratio: 33.9 %

Utility Information

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

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