Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Land: This is land for developing a mobile home park
- Cap Rate: 13.9%
- Listing ID: 1045333
- Posted On: Mar 22, 2019
- Updated On: Jun 27, 2019
Description
Campground Mobile Home Park with room for expansion. Quiet and peaceful. Great investment opportunity with outstanding cash flow! 25 Acre +/- Mobile Home Park. Current 19 Spaces, 8 park owned homes, 9 MH rent lots, & 2 RV rent lots. Plenty of room to expand. 2 wells service the park, septic systems. Long term tenants. This park stays occupied. There is need for more housing in this area.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $150 |
| Size: | 25 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $75,900 |
| Operating Expense: | $3,600 |
| Net Operating Income: | $72,300 |
| Expense Ratio: | 4.7 % |
| Debt Info: | 0 |
Lot Information
| Singlewide Lots: | 13 |
| Doublewide Lots: | 4 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 8 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $150 |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $567 |
