Contact Information
Aaron Zehm
Windermere Real Easte HLC
Windermere Real Easte HLC
Mobile Home Park Details
- Price: $1,650,000
- Purchase Method: Cash, Seller Financing
- Cap Rate: 6.5%
- Listing ID: 4662566
- Posted On: Mar 13, 2024
- Updated On: Sep 3, 2024
Description
Unlock your real estate dreams with Sultan Mobile Home Park! This gem offers a lucrative opportunity for savvy investors. With 8 mobile homes, a duplex, and all units owned by the seller, this property is a goldmine waiting to be discovered. Zoned HD for future development, you have the potential to maximize returns by increasing rents and capitalizing on below-market rates. Don't miss out on this rare chance to elevate your investment portfolio with this Sultan Mobile Home Park!
Location
MHP is located just blocks from Main Street and HWY 2. Sultan is a growing community with a small-town feel.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 8 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1972 |
| Average MH Lot Rent: | $150 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $172,800 |
| Operating Expense: | $43,515 |
| Net Operating Income: | $129,285 |
| Expense Ratio: | 25.2 % |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |