Contact Information

Mobile Home Park Details

  • Price: $2,000,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.6%
  • Listing ID: 6764097
  • Posted On: Nov 5, 2024
  • Updated On: Nov 25, 2024

Description

***Price Reduced!***
This 14-unit mobile home portfolio presents a modern, well-maintained investment opportunity. All infrastructure was updated starting in 2020, with the latest addition completed in June 2024.

The portfolio consists of 12 single-wide homes and 2 double-wide units. All units are equipped with central air conditioning, providing year-round comfort. Most of the homes are 3-bedroom, 2-bathroom units, with the exception of two single-wides, #307 and #309, which are 2-bedroom, 2-bathroom, and the double-wide on #305, which offers 4 bedrooms and 2 bathrooms.

Many of the units feature recently redone roofing. Each home includes an outdoor shed, with most of these sheds being less than three years old. Every unit also has its own deck or landing, with the majority being added or updated within the last three years. All homes come fully equipped with washers and dryers for added convenience.

This portfolio is Turn-Key, offering a seamless investment opportunity with potential for long-term, reliable income.

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

Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 100.0 %
Year Built: 2020
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income: $194,340
Operating Expense: $42,619
Net Operating Income: $153,238
Expense Ratio: 21.9 %

Lot Information

Singlewide Lots: 12
Doublewide Lots: 2

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Download Documents