Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.8%
  • Listing ID: 784361
  • Posted On: Feb 10, 2017
  • Updated On: Dec 30, 2021

Description

Country View RV Park consists of 41 units and operates similar to that of a motel: tenants are given the option to pay rent either nightly, weekly, or monthly. Because of that, usually two units are spared to be vacant for one-nighters and the rest are divided weekly and monthly. Over the course of the last two years, since Country View has started giving tenants this rare option, the park has maintained an average occupancy of 98%! Units are rented out at $25/night, $175/week and $350/month. 6 park-owned homes rented out at $300/month are included in the sale of Country View; they have been apart of the community since the current owners bought the property.

Click the Link for an Offering Memorandum: https://wwws.stagexchange.com/strattongroup/OK2

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Park Information

Community Type: All Age
Number of MH Lots: 41
Size: 42 acre(s)

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