Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.3%
- Listing ID: 1085258
- Posted On: May 23, 2019
- Updated On: Aug 22, 2019
Description
This park is great for the absentee owner or the hands on owner! It has a management company in place for the last 8 years and has a great history of excellent income and occupancy. It consists of 68 lots with 55 park owned homes, 3 rented lots, 10 vacant lots and a 4 plex. The park sits on a total of 15.7 acres with 7.4 acres developed and 8.3 vacant acres that could be developed to double the size or add an RV park as well. It sits on city water and city sewer. Don't miss this opportunity!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 68 |
Total Occupancy: | 95.0 % |
Year Built: | 1974 |
Average MH Lot Rent: | $180 |
Size: | 16 acre(s) |
Lot Information
Singlewide Lots: | 68 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 68 |
Average Rent for Park-owned Homes: | $180 |