Contact Information

Andria Strittmatter
Mhp 360

Mobile Home Park Details

  • Price: $199,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.7%
  • Listing ID: 6989287
  • Posted On: Nov 13, 2025
  • Updated On: Dec 5, 2025

Description

Investment Highlights:

5 home sites, 100% resident-owned and fully occupied
Municipal water/sewer, direct-billed to residents
No park-owned homes, no rentals, no onsite employees
Last rent increase of $25/site in Oct 2024
Financials: Price $199,000 | Gross Income $21,000 | Expenses $4,580 | NOI $15,370 | Approx. 7.7% cap rate
Turnkey, low-touch operations in a stable Midwest market with strong employment drivers

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Utility Information

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

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