Contact Information
Stan Maxwell
Mobile Home Park Details
- Price: $4,500,000
- Purchase Method: Cash, Seller Financing
- Cap Rate: 12.0%
- Listing ID: 6771945
- Posted On: Nov 18, 2024
- Updated On: Nov 19, 2024
Description
Property Overview:
• Type: RV Park/Campground
• Size: 130 sites on 33 acres
• Improvements: Includes pull-thru sites, tent sites, a renovated 6BR/3.5BA
house (short-term rental), office/general store,
2BR/1BA living quarters, and a storage building.
Strengths:
• Substantial revenue growth under new ownership from 2021 Purchase.
• Many sites are pre-reserved annually.
• Well-maintained property
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Year Built: | 1979 |
| Size: | 33 acre(s) |
Financial Information (Actual)
| Gross Income: | $755,858 |
| Operating Expense: | $218,711 |
| Net Operating Income: | $537,147 |
| Expense Ratio: | 28.9 % |
RV Information
| Number of RV Lots: | 130 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
