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Mobile Home Park Details

  • Price: $179,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 12.4% (Actual)
  • Listing ID: 6870688
  • Posted On: Apr 16, 2025
  • Updated On: Apr 16, 2025

Description

15 lot MHC, 8 units onsite

5 TOH, 3 POH

Lot Rent: $235/month

Market rates: $300-$350/month

Public Utilities Direct Billed: Water, Sewer, Electric, and Trash service.

Abutting parcel included in the sale, offering development of additional lots.

Onsite Management- Assists with property maintenance, snow removal, and mowing of the common areas.

Contact Broker for additional information.

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

Park Information

Community Type: All Age
Number of MH Lots: 15
Year Built: 1965
Average MH Lot Rent: $235

Financial Information (Actual)

Net Operating Income: $22,100

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $552

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