Contact Information
Mobile Home Park Details
- Price: $2,000,000
- Cap Rate: 8.1%
- Listing ID: 6804145
- Posted On: Jan 13, 2025
- Updated On: Jan 13, 2025
Description
Key Features
Property Size: 24 approved sites (19 developed).
Infrastructure: Two wells and individual septic tanks for all sites. Homes Included: Eight brand-new 2023 high-end manufactured houses.
Upside Potential: Flexibility to sell the manufactured homes at premium prices while simultaneously collecting lot rent.
Value-Add Opportunity
Home Sales Revenue:
Selling the eight included 2023 manufactured homes can generate significant upfront revenue, recouping a substantial portion of your investment. These high-end units can be marketed to attract premium buyers.
Location
Located in Franklin County
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Park Information
| Number of MH Lots: | 24 |
| Total Occupancy: | 95.0 % |
| Size: | 9 acre(s) |
Financial Information
| Gross Income: | $218,880 |
| Operating Expense: | $45,742 |
| Net Operating Income: | $162,194 |
| Expense Ratio: | 20.9 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
