Mobile Home Park Details

  • Property ID: 999676
  • Posted On: Oct 18, 2018
  • Updated On: Jul 22, 2019

Property Description

UPSIDE CITY!!!!!!!
98 space Cherry Blossom Estates - asking price is $2,600,000 which is 6.8% cap rate on existing income and $28,571 per space. Enjoy solid cash flow from the 41 occupied spaces, then, over time, fill up the rest of the 57 vacant spaces for massive cash flow and equity increase. Partnership splitting up so the The owners are ready to make a deal, make an offer! SEE ATTACHED MARKETING PACKAGE

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Park Information

Community Type: All Age
Number of MH Lots: 98
Total Occupancy: 42.0 %
Year Built: 1970
Average MH Lot Rent: $450
Size: 15.0 acre(s)

Utility Information

Water: Well
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10

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