The requested property is removed. Here are active Mobile Home Parks for Sale in Waynesboro, Mississippi
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 15.2% (Actual)
  • Listing ID: 992558
  • Posted On: Sep 25, 2018
  • Updated On: May 24, 2023

Description

17 Lot park all tenant owned homes. There are 2 blank lots with room for more if a little rearranging is done. The majority of the residents have been there for over 10 years. At this price you are looking at a 15.2% CAP rate.Located next to an elementary school and close to a local community college. The garbage bin is provided by the park. The water is billed back out to the tenants. There's a good bit of upside here. I'm willing to consider owner finance with 50,000 down payment. I'm willing to give a significant discount for someone if they can close quickly.

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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 88.0 %
Year Built: 1970
Average MH Lot Rent: $150
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $29
Operating Expense: $3,036
Net Operating Income: $26
Expense Ratio: 10469.0 %

Lot Information

Singlewide Lots: 17

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City