Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.0%
  • Listing ID: 3875805
  • Posted On: Oct 23, 2023
  • Updated On: Apr 15, 2024

Description

Affordable Investment Opportunity! Priced at $350,000, this property features 18 occupied homes, a diverse tenant base, and potential for development with three vacant lots. Convenient city utilities, tenant-managed trash, and an average site price under $20,000 make it a sound investment choice in Bassett, VA.

Location

4431 Philpott Drive, Bassett, VA, 24055

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

Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 90.0 %
Year Built: 1754
Average MH Lot Rent: $225
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $57,600
Operating Expense: $19,536
Net Operating Income: $38,063
Expense Ratio: 33.9 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $358

Other Listings by Mac Napurano

Similar Mobile Home Parks for Sale