Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Cap Rate: 8.4%
- Listing ID: 884201
- Posted On: Dec 5, 2017
- Updated On: Jul 5, 2018
Description
Very attractive, quiet 60 pad mobile home park in Tipton County, TN. Located just 40 miles north of Memphis, TN. Well established park with mixture of park-owned and tenant-owned homes.
Asking price: $1,250,000
NOI: $118,000,000
Cap rate: 9.4
Possible owner financing for qualified buyers.
FULL MARKETING PACKAGE ATTACHED.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 60 |
| Total Occupancy: | 90.0 % |
| Average MH Lot Rent: | $300 |
| Size: | 7 acre(s) |
Financial Information
| Gross Income: | $216 |
| Net Operating Income: | $118 |
Lot Information
| Doublewide Lots: | 60 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 37 |
| Average Rent for Park-owned Homes: | $400 |