Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1671975
  • Posted On: May 19, 2022
  • Updated On: Sep 19, 2022

Description

Great investment opportunity! 29 pad mobile home park, one single family home, and one commercial building with a long time well established tenant. Owner recently updated park rules and made several capital improvements. This multi-use property is ready for a new owner and will generate solid positive cash flow from day one!

Location

29 lots, 26 occupied, one body shop building with long-term tenant, and one single-family house.

Amenities

  • Handicap Accessible
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Park Information

Community Type: All Age
Number of MH Lots: 26
Total Occupancy: 100.0 %
Average MH Lot Rent: $574
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $238,800
Operating Expense: $117,000
Net Operating Income: $121,800
Expense Ratio: 49.0 %

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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