Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.8%
- Listing ID: 3802497
- Posted On: Oct 9, 2023
- Updated On: May 17, 2024
Description
Call Bret for more info 314-599-2483
Hard Find! Well Established mobile home park 7 minutes from Troy, Mo. Property has 15 units (12 single wides and 3 double-wides), as well as a 30x30 utility building for storing anything you need to run the park. 14 Units have new water heaters, and 5 have new HVAC systems. Park is on public water and sewer, with 2 unused water taps, and 1 unused grinder pump/ sewer tap allowing for immediate expansion of the park. All units currently rented and bringing in $12,805/ Month in rent with plenty of space to add more units and increase cash flow. P&L's for 2021 and 2022 are available upon proof of funds/ pre-approval. All units are owned and go with the park, as well as on hand materials for repairs in the utility building. All tenants pay their own utilities. Great cash flow! Do not disturb tenants.
Location
From Highway 47 and highway 61 interchange in Troy, Take hwy 47 east 4.7 Miles to Evan Michael Circle on the right. Do not disturb tenants
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1997 |
| Average MH Lot Rent: | $853 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $145,509 |
| Operating Expense: | $37,377 |
| Net Operating Income: | $108,132 |
| Expense Ratio: | 25.7 % |
Lot Information
| Singlewide Lots: | 12 |
| Doublewide Lots: | 3 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $853 |