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
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.0%
- Listing ID: 1104150
- Posted On: Jul 8, 2019
- Updated On: Nov 24, 2019
Description
Meadow Lane Community MHP consists of 49 Pads with 34+/- acres and was redeveloped from 2014 to present. All new 6” water lines, 12” sewer lines, electrical and new 100 amps meters, and all new infrastructure! Public Water and Public Sewer. There are 41 owned homes, and out of the 41 homes there are 6 new homes that are being marketed for sale, and 5 Financed Homes. This is a brand new park with an amazing income, located in a great location!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 49 |
| Year Built: | 2014 |
| Size: | 34 acre(s) |
Financial Information (Actual)
| Gross Income: | $392,494 |
| Operating Expense: | $114,572 |
| Net Operating Income: | $277,921 |
| Expense Ratio: | 29.2 % |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 41 |
| Average Rent for Park-owned Homes: | $850 |
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