Contact Information

Mobile Home Park Details

  • Price: $300,000
  • Purchase Method: Cash
  • Cap Rate: 11.0% (Pro Forma)
  • Listing ID: 6935795
  • Posted On: Jul 7, 2025
  • Updated On: Jul 22, 2025

Description

This property features 3 Mobile homes (All homes are 3 bed, 2 bath) on 3.35 acres. This is a great opportunity for a buyer to live in one home and rent the other two homes, or rent all 3 homes for cashflow. The current owner lives in one home, while the other two homes are each leased for $1,000/month on a month to month basis with a 30 day notice. Assuming $1k per month for the owner occupied unit, that would create a cap rate of 11%. Updating all units would be easy and cost effective to bring the rents to $1,200/month. There are two parcels included in this sale, and the seller has been told that the lot could be divided into 3 parcels so each home is on it's own. All homes have their own septic, but all currently share the same well. There are multiple storage sheds on the property you could rent for extra income or personal storage. Buyer to verify all details regarding the property, subdividing, and zoning.

Amenities

  • Storage
  • Handicap Accessible
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Park Information

Community Type: All Age
Number of MH Lots: 3
Total Occupancy: 100.0 %
Year Built: 1996
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income: $36,000
Operating Expense: $3,000
Net Operating Income: $33,000
Expense Ratio: 8.3 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $1,000

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