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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 9.6%
  • Listing ID: 576745
  • Posted On: Oct 30, 2015
  • Updated On: Aug 22, 2016

Description

Just Reduced! Great investment opportunity. This park is priced on a 11.2 Cap of the current NOI.

● Total Acres: 5
● Developed Sites: 53 developed sites (47 occupied)
● Site Rent: $325 (includes water, sewer, & trash)
● Rental Homes: 45 Total/ 40 occupied @ $550
● Gross Monthly Rent: $22,000
● Water/ Sewer: Well Water, Municipal
● Trash: Container
● Grass: Landlord
● Family community
● Paved roads
● On and off street parking
● Good location
● All tenants have successfully passed a background check

Email MHPRVFORSALE@GMAIL.COM for more info.

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Park Information

Community Type: All Age
Number of MH Lots: 53
Total Occupancy: 95.0 %
Average MH Lot Rent: $325
Size: 5 acre(s)

Utility Information

Water: Well
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 45
Average Rent for Park-owned Homes: $325

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