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Mobile Home Park Details
- Purchase Method: Cash
- Land: This is land for developing a mobile home park
- Cap Rate: 9.5%
- Listing ID: 440231
- Posted On: Apr 24, 2014
- Updated On: Sep 12, 2016
Description
CHECK OUT THIS NEW LISTING!
Very attractive, well-managed park for sale in Booneville, MS. Booneville is considered a suburb of Tupelo, MS, home of several large manufacturing facilities. This park has been in the family since the 1960's and the current owners live at the front of the park in a spacious manufactured home. They are ready to retire and are seeking a new owner that would like to benefit from the steady income the park generates and take advantage of all of the owner benefits that come with owning your own mobile home community.
There is additional acreage available for expansion. All city water and sewer. Potential upside available.
A complete Marketing Package is attached.
Please call for more information.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 23 |
| Total Occupancy: | 89.0 % |
| Year Built: | 1966 |
| Average MH Lot Rent: | $475 |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $106,650 |
| Operating Expense: | $53 |
| Net Operating Income: | $53 |
| Expense Ratio: | 0.0 % |
| Debt Info: | Includes seller's expenses |
RV Information
| Number of RV Lots: | 7 |
| Average RV Lot Rent: | $200 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $475 |