Contact Information
Jeremy Peters
Mobile Home Park Details
- Price: $1,100,000
- Purchase Method: Cash, New Loan
- Cap Rate: 5.0% (Actual)
- Listing ID: 6898635
- Posted On: May 14, 2025
- Updated On: May 29, 2025
Description
Location, location, location! I have a well-established mobile home park with 17 units, as well as a single-family house, all situated on 5.54 acres. The average rent is currently $325 per month. However, rents have been increasing and has a lot of upside in rents. Please note that there are no park-owned homes here; all rentals are lot-based. The park is conveniently located a couple of miles from the advanced hospital, as well as other shopping and restaurants. Please refrain from disturbing the tenants in the park or the single-family house.
Not willing to do owner financing.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 17 |
Total Occupancy: | 100.0 % |
Average MH Lot Rent: | $325 |
Size: | 6 acre(s) |
Financial Information (Actual)
Gross Income: | $66,300 |
Operating Expense: | $16,575 |
Net Operating Income: | $49,725 |
Expense Ratio: | 25.0 % |
Lot Information
Singlewide Lots: | 16 |
Doublewide Lots: | 1 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | Septic |