Contact Information

Property Description


PRICE REDUCED FROM $1,925,000TO $1,900,000! SELLER SAYS SELL! 13.9 CAP Rate.

48 sites and a 4 unit apartment house sitting on 7.4 +/- acres. Frontage on Goose Neck River. Good fishing and scenic views. 38 park owned homes.

Paved roads, City water & sewer. Strong cash flow. Substantial improvements to park. Same owner the past 12 years.

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Mobile Home Park Details

  • Price: $1,900,000
  • Purchase Method: Cash
  • Cap Rate: 14.1%
  • Property ID: 878388
  • Posted on Nov 14, 2017
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Park Information

Community Type: All Age
Number of MH Lots: 48
Size: 7.4 acre(s)

Financial Information (Pro Forma)

Gross Income $344,000
Operating Expense $104,000
Net Operating Income $240,000
Expense Ratio 30.2 %
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 38

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