Contact Information
SIG Marketing
Mobile Home Park Details
- Price: $4,100,000
- Cap Rate: 9.1%
- Listing ID: 6786656
- Posted On: Dec 10, 2024
- Updated On: Dec 10, 2024
Description
Sands Investment Group is Pleased to Present the Opportunity to Acquire a 72 Site MH Portfolio Within 2 Hours Distance of One Another. This Portfolio Includes 62 Park Owned Homes & 9 Tenant Owned Homes. Possibility to Take Up to 60% Bonus Depreciation on Park Owned Homes if Closed in 2024. Upside Opportunity to Convert POH's to Rent-to-Own (RTO) Contracts to Reduce Repair and Maintenance Costs. Property Management in Place and Will Remain With the Portfolio (at Request). Option to Purchase an Additional 8 Site Park Near Current Portfolio. Inquire For Additional Information.
HIGHLIGHTS FOR EACH PROPERTY:
VALES MILL MOBILE HOME PARK - PULASKI, TN
• 27 Total Lots Comprised of 25 Park Owned Homes, 1 Tenant Owned Home and 1 Vacant Lot
• Beginning to Start RTO Contracts on the POHs
• Utilities are Individually Billed for Water & Electric - City Water & Private Septic System
• The Septic Systems Were Recently Completely Updated With New Field Lines Throughout the Property
• Paved Roads
• The Property is Situated on 8.39 Acres
SIMPSON ROAD MOBILE HOME PARK - FAYETTEVILLE, TN
• 18 Total Lots Comprised of 15 Park Owned Homes & 3 Tenant Owned Homes
• Utilities are Master Metered - City Water & Private Septic
• Paved Roads
• The Property is Situated on 5.66 Acres
RIVER ROAD ESTATES - MUSCLE SHOALS, AL
• 27 Total Lots Comprised of 22 Park Owned Homes & 5 Tenant Owned Homes
• Utilities are Individually Billed - City Water & Private Septic
• Paved Roads
• The Property is Situated on 6.08 Acres
Location
Portfolio is located throughout the states of Tennessee and Alabama
Park Information
Number of MH Lots: | 72 |
Size: | 20 acre(s) |
Financial Information (Actual)
Net Operating Income: | $373,935 |
Lot Information
Singlewide Lots: | 72 |