Contact Information

Property Description

FOR FINANCIALS AND MORE INFORMATION CLICK HERE BELOW!
https://www.surveygizmo.com/s3/4297589/Confidentiality-Agreement
32 Lot all tenant owned homes. This community sits just off the main road in town. Filled with very long term residents who pay for everything. This community has HUGE upside. The lot rents have not been bumped up in ages. Add 5 new 1b/1bath Legacy tiny homes to the park and bump the lot rents up and you could have a $900,000 community. Let us show you, how we do it !
Most Sewer and Water lines were replaced two years ago.

Mobile Home Park Details

  • Price: $425,000
  • Purchase Method: Cash
  • Cap Rate: 9.4%
  • Property ID: 917003
  • Posted on Apr 7, 2018
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Park Information

Community Type: All Age
Number of MH Lots: 32
Total Occupancy: 87.0 %
Year Built: 1965
Average MH Lot Rent: $135
Size: 3.0 acre(s)

Financial Information (Pro Forma)

Gross Income $54,120
Operating Expense $4,755
Net Operating Income $46,659
Expense Ratio 8.8 %
Debt Info

Lot Information

Singlewide Lots: 32

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

Map

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