Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.5%
- Listing ID: 2718440
- Posted On: May 1, 2023
- Updated On: Aug 2, 2023
Description
22 acre with 18 Park Owned Doublewides plus 2 stick built homes. This park is like a single family rental portfolio all in one neighborhood. The lots are very large with most approaching an acre. Many have fenced yards.
The Mobile Home Park Price has just been reduced to $1,950,00,000 which is a 8.5% Cap Rate. Usually 100% Occupied. One Vacancy right now which will be rented very quickly, Very well maintained park with no deferred maintenance.
Location
Great location near the Costal City of Jacksonville, NC
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 18 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2000 |
| Average MH Lot Rent: | $1,048 |
| Size: | 22 acre(s) |
Financial Information (Actual)
| Gross Income: | $206,000 |
| Operating Expense: | $40,122 |
| Net Operating Income: | $167,196 |
| Expense Ratio: | 19.5 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 0 |
| Doublewide Lots: | 18 |
| Park Model Lots: | 20 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 20 |
| Average Rent for Park-owned Homes: | $1,048 |