Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.1%
- Listing ID: 1359775
- Posted On: Nov 24, 2020
- Updated On: Sep 22, 2021
Description
JTACR is pleased to have the opportunity to present Paris Mobile Home Park For Sale.
This opportunity consists of a 49 unit community, located in the city of Paris. Property offers an opportunity to add amenities, improve current homes, and establish on site management.
Contact JTACR for full packet, financial analysis, and location specifics.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 49 |
Total Occupancy: | 90.0 % |
Year Built: | 1985 |
Average MH Lot Rent: | $350 |
Size: | 8 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $165,198 |
Operating Expense: | $45,366 |
Net Operating Income: | $119,832 |
Expense Ratio: | 27.5 % |
Lot Information
Singlewide Lots: | 49 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 7 |
Average Rent for Park-owned Homes: | $150 |