Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 3001367
  • Posted On: May 26, 2023
  • Updated On: Sep 21, 2023

Description

Looking for a great investment property? This unique property offers 1 modular, 6 mobile homes & large heated insulated garage/ shop that has facilities on 1.02 acres located north of Rock Springs. All homes are on a permanent foundations and each home has separate gas & electric meters. All 6 mobile homes on the property are included in the sale. They are older but have had many updates inside and are in great condition. The modular is the largest home on the property that boasts 2188 sq ft with 4 bdrms 2bath. This home is connected to garage shop area. Enjoy the large open living room with vaulted ceilings & wood burning stove. The attached heated garage/shop is 2737 sq feet with 3 bays & has a bathroom to boot!The west end of the garage is currently a pottery studio. This property is zoned commercial, endless possibilities! Potential rental income over $55k per year! Call or text Christy Moore @ HomeSmart Realty Group for more information .

Location

T19N R105W SEC 8SW4NE4TR - HAVEN OFREST MHC

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Park Information

Number of MH Lots: 6
Total Occupancy: 100.0 %
Average MH Lot Rent: $900
Size: 1 acre(s)

Financial Information

Gross Income: $63,600
Operating Expense: $7,200
Net Operating Income: $54,146
Expense Ratio: 11.3 %
Debt Info: xxx

Lot Information

Singlewide Lots: 5
Doublewide Lots: 2

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $900