Mobile Home Park Details
- Cap Rate: 8.4%
- Listing ID: 3447883
- Posted On: Jul 27, 2023
- Updated On: Jan 15, 2024
Description
Jennifer Stein Real Estate, Inc. is Broker of Record
IRE Investment is cooperating broker
98 Pad MH / RV Park
- 34 Tenant owned homes (1 is POH that will become TOH in
August)
- 15 RV pads
- 5 additional RV pads being built (ready August 2023)
2 Houses
- 1 2 bed /2 ba (Brick) - 1 Duplex (Brick)
Garage
- 30x40ft (vacant can be rented)
* City Water & Sewer
* All units individually metered
* Cement roads throughout park
-Park has undergone extensive clean up over the last year and enhancements to include:
- New RV Pads
- New Fencing
- Upgraded utilities Priced at $24,752 a unit
Location
-Leitchfield is the county seat for Grayson County
-Median Home Price: $158,500
-Population: 6,427 + 2.8% growth
-Cost of Living: -24.9% lower than national average
-Stop and Shop being added in plaza across the street
-Walgreens within walking distance
-Restaurant & shopping across the street
Park Information
| Total Occupancy: | 100.0 % |
| Size: | 12 acre(s) |
Financial Information
| Gross Income: | $283,800 |
| Operating Expense: | $74,505 |
| Net Operating Income: | $209,295 |
| Expense Ratio: | 26.3 % |
Utility Information
| Water: | City |
| Sewer: | City |
