Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 8.2%
  • Listing ID: 1026465
  • Posted On: Jan 27, 2019
  • Updated On: Jun 6, 2019

Description

We are pleased to present the opportunity to acquire Southern Oaks Mobile Home & RV Community located at 10530 Three Rivers Road in Gulfport, Mississippi. The community was established in 1970 and is situated on a 42.25± acre parcel. The park features an on-site office and new modern laundry facility which both are monitored by hidden cameras. The restrooms were recently remodeled.

Gulfport is the second largest city in Mississippi and a tourism destination due to the 6.7 miles of white sand beaches along the coast. Downtown Gulfport is becoming a hot spot with an array of restaurants and specialty shops that residents and tourists enjoy. The city is currently in the process of building a 5.8-acre beachfront Aquarium which will be completed in 2019 and consist of over 80,000 square feet of exhibits.

The subject property has excellent visibility along Three Rivers Road and is easily accessible between Interstate 10 and Highway 49 with traffic counts of 65,000+ vehicles per day. The subject property is located within a retail-dense location adjacent to major retail chains, big-box stores, and discount retailers. Within close proximity to the subject property, you will find Garden Park Medical Center which is a new hospital, Bel-Aire Elementary School, Crossroads Elementary School, Gulfport Premium Outlets, Crossroads Shopping Center, Walmart Supercenter, Cinemark 16 Theater, and Gulf Islands Waterpark. Additionally, it is located about 3 miles from the Gulfport-Biloxi International Airport.

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 230
Year Built: 1970
Size: 42 acre(s)

Utility Information

Water: City
Sewer: City

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