Contact Information
Mobile Home Park Details
- Price: $2,500,000
- Purchase Method: Cash
- Cap Rate: 7.0%
- Listing ID: 6764097
- Posted On: Nov 5, 2024
- Updated On: Nov 6, 2024
Description
This 14-unit mobile home portfolio presents a modern, well-maintained investment opportunity. All infrastructure was updated starting in 2020, with the latest addition completed in June 2024.
The portfolio consists of 12 single-wide homes and 2 double-wide units. All units are equipped with central air conditioning, providing year-round comfort. Most of the homes are 3-bedroom, 2-bathroom units, with the exception of two single-wides, #307 and #309, which are 2-bedroom, 2-bathroom, and the double-wide on #305, which offers 4 bedrooms and 2 bathrooms.
Many of the units feature recently redone roofing. Each home includes an outdoor shed, with most of these sheds being less than three years old. Every unit also has its own deck or landing, with the majority being added or updated within the last three years. All homes come fully equipped with washers and dryers for added convenience.
This portfolio is Turn-Key, offering a seamless investment opportunity with potential for long-term, reliable income.
Park Information
Community Type: | All Age |
Number of MH Lots: | 14 |
Total Occupancy: | 100.0 % |
Year Built: | 2015 |
Size: | 2 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $203,252 |
Operating Expense: | $28,881 |
Net Operating Income: | $174,371 |
Expense Ratio: | 14.2 % |
Lot Information
Singlewide Lots: | 12 |
Doublewide Lots: | 2 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |