Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.1%
  • Listing ID: 1475631
  • Posted On: Jul 12, 2021
  • Updated On: Sep 3, 2021

Description

Awesome 51 Unit All Seasons Motel, Mobile Home and RV Park Investment With 60,000+ Sq Ft To Expand. Add 100-150+ Storage Units For $150,000 To $180,000 Additional Income. 2021 Proforma $538,538.52, $290,539.21 Net Proforma. 9.08% Cap. Price Includes a Warehouse, Newer Double Wide, 15 Single Wides, 10 RV Spaces and 24 Room Motel. All On City Sewer And Water. Don't Miss Out On This Rare Opportunity To Own A 4.17 Acre 51 Unit Investment On Prime Highway 2 Frontage With Unlimited Income Potential!!

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Park Information

Community Type: All Age
Number of MH Lots: 26
Year Built: 1955
Size: 4 acre(s)

Financial Information (Pro Forma)

Gross Income: $538,538
Operating Expense: $247,999
Net Operating Income: $290,539
Expense Ratio: 46.1 %

RV Information

Number of RV Lots: 10

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Video

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