Mobile Home Park Details
- Cap Rate: 8.3%
- Listing ID: 1651526
- Posted On: Apr 21, 2022
- Updated On: Jul 8, 2022
Description
Tremendous Investment Opportunity. 32 Pad MHP to include 30 POH's and 1 TOH on well and septic.
Current rent roll of $13,920 with avg POH rental of $529.00. 24 of the homes are 3 BD / 2 BA, room for upside on the rents.
Super clean and turnkey, with initial round of upgrades done throughout the park, to include paved roads, new mailboxes, skirting and roofs.
Located along main thoroughfare, each home features a large lot, great spacing and strong community look and feel to it.
Great value with upside.
Location
Main thoroughfare, located on Highway 128.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 84.0 % |
| Year Built: | 1993 |
| Average MH Lot Rent: | $529 |
| Size: | 28 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $167,040 |
| Operating Expense: | $83,520 |
| Net Operating Income: | $83,520 |
| Expense Ratio: | 50.0 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 30 |
| Average Rent for Park-owned Homes: | $539 |
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