Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.4%
  • Property ID: 836423
  • Posted on Jul 24, 2017

Property Description

Units: 19 (2 are in process of remodel -- a 2-unit stick-built home);Plans for Duplex - Buildout approx $90000, Rent approx $2000-$2200
8 units are permanent stick-built homes owned by park. Monthly gross (upon completion of remodel): $11,620 + $950 utility bill back = Approx $12,500 Current gross income: $9,485 (utility bill-back process begins this month). - Nearing completion of $52,000 water filtration system. Property has own water system and septic system.


  • Laundromat
  • Storage
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Park Information

Size: 4.4 acre(s)

Financial Information (Actual)

Gross Income $80,361
Operating Expense $36,024
Net Operating Income $44,337
Expense Ratio 44.8 %
Debt Info

Lot Information

Doublewide Lots: 19

Utility Information

Water: Well
Water Paid By: Tenant - RUBs
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $650

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