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Corn Palace Trailer Park Mitchell, SD 57301

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Listing ID: 1233612
  • Posted On: Mar 23, 2020
  • Updated On: Jun 15, 2020

Description

Mobile home park with 15 MH lots. Also includes 2 homes currently rented a 3rd house used for storage.

Mobile home park is adjacent to an additional 6.5 acres+/- which is also for sale for possible expansion

Location

Park located in Mitchell, SD(in city limits) and approximately 1/2 mile from Interstate I-90

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 100.0 %
Year Built: 1975
Average MH Lot Rent: $140
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $38,015
Operating Expense: $22,333
Net Operating Income: $15,682
Expense Ratio: 58.7 %
Debt Info: none

Lot Information

Singlewide Lots: 15
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $140