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Address is 5270 Sands Rd. Lothian, MD 20711

Geoff Lindsay

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Rio Vista Mobile Home Park

Mobile Home Park for Sale in Lothian, Maryland

5270 Sands Rd.
Lothian, MD 20711

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Sale Price: $3,195,000

Contact Information

Geoff Lindsay

Mobile Home Park for Sale

Cap Rate: 5.2%
Status: Active
Property ID: 986978
Posted on: Sep 06, 2018
Updated on: Sep 06, 2018
Price: $3,195,000

Property Description

100% leased 50-pad mobile home park available for sale—convenient to Washington, DC, Baltimore and Annapolis, MD. Steady cashflow and high historical occupancy offers reliable long-term investment property. Rare to market--in same family since 1983!

10+ Years Average Tenancy.

60-Year History.

Under-Market Rent.

All Lots Double-Wide.

Financial Information (Pro Forma)

Gross Income$316,096
Operating Expense$149,903
Net Operating Income$166,193
Expense Ratio 47.4%
Debt Info

Lot Information

Doublewide Lots:50

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:0

Zip codes in Lothian, MD

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