Mobile Home Park Details

  • Cap Rate: 8.4%
  • Listing ID: 3447883
  • Posted On: Jul 27, 2023
  • Updated On: Jan 15, 2024

Description

Jennifer Stein Real Estate, Inc. is Broker of Record
IRE Investment is cooperating broker
98 Pad MH / RV Park
- 34 Tenant owned homes (1 is POH that will become TOH in
August)
- 15 RV pads
- 5 additional RV pads being built (ready August 2023)
2 Houses
- 1 2 bed /2 ba (Brick) - 1 Duplex (Brick)
Garage
- 30x40ft (vacant can be rented)
* City Water & Sewer
* All units individually metered
* Cement roads throughout park
-Park has undergone extensive clean up over the last year and enhancements to include:
- New RV Pads
- New Fencing
- Upgraded utilities Priced at $24,752 a unit

Location

-Leitchfield is the county seat for Grayson County

-Median Home Price: $158,500
-Population: 6,427 + 2.8% growth
-Cost of Living: -24.9% lower than national average

-Stop and Shop being added in plaza across the street
-Walgreens within walking distance
-Restaurant & shopping across the street

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Total Occupancy: 100.0 %
Size: 12 acre(s)

Financial Information

Gross Income: $283,800
Operating Expense: $74,505
Net Operating Income: $209,295
Expense Ratio: 26.3 %

Utility Information

Water: City
Sewer: City

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