Aerial of Mobile Home Park
Aerial of Mobile Home Park
Park homes
Park homes
Photo of Interior Street, Driveways, Shed
Photo of Interior Street, Driveways, Shed
Aerial of Mobile Home Park
Park homes
Photo of Interior Street, Driveways, Shed

Mobile Home Park Details

  • Cap Rate: 7.9%
  • Listing ID: 654855
  • Posted On: Apr 12, 2016
  • Updated On: Aug 11, 2016

Description

A Class A* Mobile Home Park located in the growing metropolitan market. The 140+ park is situated on 29+ acres just off a major artery. Outstanding in every aspect, the park is maintained meticulously with strict tenant rules to preserve quality.

The Mobile Home Park Features:
• Public Roads
• Public Utilities
• 95% Occupancy
• Management in Place
• Land for additional expansion
• Commercial building with outside secure storage
• 20 Seller Owned Homes that convey with sale

A great opportunity to purchase a remarkable business that provides an exceptional potential for expansion. The owner is not active in the business. The reason for sale is retirement.

Upon proper qualification of the potential acquirer, including the customary exchange of financial information and confidentiality agreements, a detailed Confidential Prospectus will be provided. All inquiries will be held in strictest confidence.

Purchase Price: $4,950,000
Gross Revenues: $582,824
Net Operating Income: $ 390,940 (Cap Rate 7.9%)
FF&E: $310,000 (included in asking price)
Real Estate: (included in asking price)
*Class A per Woodall Rating Guide

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

Park Information

Number of MH Lots: 142
Total Occupancy: 95.0 %
Size: 29 acre(s)

Financial Information (Actual)

Gross Income: $582,824
Net Operating Income: $390,940

Utility Information

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