Contact Information
Mobile Home Park Details
- Price: $1,050,000
- Purchase Method: Cash, New Loan
- Cap Rate: 9.5% (Actual)
- Listing ID: 1947133
- Posted On: Dec 2, 2022
- Updated On: Feb 2, 2025
Description
Quiet community with tremendous room for upside metering utilities and filling vacant pads. This community is being offered at an 11 cap rate on actual numbers. There is land that can be used for a storage development or outside storage increasing revenues as well. This community is a staple of the area with an established reputation. With a little TLC and capital this gem will flourish.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 50 |
| Total Occupancy: | 50.0 % |
| Year Built: | 70 |
| Average MH Lot Rent: | $350 |
| Size: | 20 acre(s) |
Financial Information (Actual)
| Gross Income: | $132,240 |
| Operating Expense: | $28,720 |
| Net Operating Income: | $103,520 |
| Expense Ratio: | 21.7 % |
Lot Information
| Singlewide Lots: | 50 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $750 |
