Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.8%
  • Listing ID: 1993581
  • Posted On: Jan 14, 2023
  • Updated On: Nov 16, 2023

Description

Briarcliff Estates features 44 individually deeded lots with direct bill city water and sewer. Immaculate paved roads, maintained by the city. 90% occupancy rates with 4 vacant homes. Priced at over a 10% cap rate off of 2022 actuals and a 13% cap rate on 2023 pro-forma. Immediate Cash Flow Generator.

Owner Financing Available.

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

Park Information

Community Type: All Age
Number of MH Lots: 44
Total Occupancy: 93.0 %
Average MH Lot Rent: $300
Size: 17 acre(s)

Financial Information (Pro Forma)

Gross Income: $262,061
Operating Expense: $104,824
Net Operating Income: $157,235
Expense Ratio: 40.0 %
Debt Info: Owner Financing Available

Lot Information

Singlewide Lots: 44
Doublewide Lots: 44

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 35
Average Rent for Park-owned Homes: $700

Video

Similar Mobile Home Parks for Sale