Photo of Mobile Home Park
Photo of Mobile Home Park
Well house
Well house
mail house (red building)
mail house (red building)
apartment building (1 bed)
apartment building (1 bed)
owned home
owned home
view of park
view of park
owned home
owned home
view of park
view of park
Photo of Mobile Home Park
Well house
mail house (red building)
apartment building (1 bed)
owned home
view of park
owned home
view of park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 14.0%
  • Listing ID: 891860
  • Posted On: Jan 5, 2018
  • Updated On: Jun 3, 2020

Description

Cute and well maintained mobile home park located in a rural but close to town setting. Nearby a stream, within a 10 minute drive to an industrial park with many job opportunities. This 36 licensed lot park has 26 currently filled lots. Park includes 8 owned mobile homes and 1 owned apartment unit (stand alone building). Tenants are all long term. Opportunity to grow the income by bringing in more mobile homes.

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Park Information

Community Type: All Age
Number of MH Lots: 36
Total Occupancy: 72.0 %
Year Built: 1960
Average MH Lot Rent: $175
Size: 9 acre(s)

Financial Information (Pro Forma)

Gross Income: $98,340
Operating Expense: $54,404
Net Operating Income: $43,936
Expense Ratio: 55.3 %

Lot Information

Singlewide Lots: 36

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $557

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