Contact Information
Mobile Home Park Details
- Price: $650,000
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.4% (Pro Forma)
- Listing ID: 6878815
- Posted On: Apr 28, 2025
- Updated On: May 13, 2025
Description
Great community with a total of 16 lots...13 RV units (2 tenant owned), 2 stick built homes, 1 manufactured home and community laundry room. Public water and sewer. Individually metered for electric. Park located near Hwy 60 and 177. Proforma numbers in listing. Please see attachment for trailing 12 numbers.
Location
From the 60 and 177, west on 60, N on Church Ave, W on Hill St to park on S side of street
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1953 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $98,040 |
| Operating Expense: | $35,286 |
| Net Operating Income: | $62,754 |
| Expense Ratio: | 36.0 % |
Lot Information
| Singlewide Lots: | 1 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $300 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $580 |