Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.3%
  • Listing ID: 1655780
  • Posted On: Apr 26, 2022
  • Updated On: Aug 5, 2022

Description

Pecan Grove MHC is a 41 Lot Community right outside Mobile, AL. The Community has 29 POHs, 4 TOHs, 3 RTOs and 5 Empty Lots with infrastructure in place for new homes.

This is a perfect opportunity for an investor to own a cash flowing property remotely as there is a manager who lives on site and contractors who are familiar with the property for any maintenance items.

Alternatively, if you have operations in place regionally there is an opportunity to charge the current manager rent and lease out the office to a tenant. Neither of these two units are accounted for in the current rent roll or proforma.

Seller Financing is not available.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 41
Size: 9 acre(s)

Financial Information (Actual)

Gross Income: $277,080
Operating Expense: $104,537
Net Operating Income: $172,974
Expense Ratio: 37.7 %

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 29
Average Rent for Park-owned Homes: $715