Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 9.3%
  • Listing ID: 3728112
  • Posted On: Sep 25, 2023
  • Updated On: Dec 28, 2023

Description

15 Unit MHP. All units tenant owned. Most tenants work in Roanoke.
Steady cash flow. Easy park to manage from a distance. Each space has its own septic tank and drain field. All units are fed from on site well. All lots pay $350. Once obtained, lot rent should be raised.
9.2% Cap Rate. Serious inquiries only.
Income/Expense and Operating Statement attached from 1-1-23 thru 9-25-23. Be aware, 3 months left of income for the year.
Please fill out LOI if interested in purchasing.

Location

Twin Oaks MHP

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 100.0 %
Average MH Lot Rent: $350

Financial Information (Actual)

Gross Income: $63,000
Operating Expense: $7,081
Net Operating Income: $55,919
Expense Ratio: 11.2 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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