Contact Information
Jay Lang
Mobile Home Park Details
- Price: $595,000
- Purchase Method: Cash, New Loan
- Cap Rate: 9.9% (Pro Forma)
- Listing ID: 6805134
- Posted On: Jan 14, 2025
- Updated On: Jan 15, 2025
Description
Once in a Lifetime opportunity to own a High Yield Investment. This property is Broker owned for approx 5 years. 18 units of manufactured homes on land with septic and 2 wells. Income is based on the annual land leases and the Seller owns 2 of the manufactured homes. The 2 wells on the property have new pumps and control panels installed 12 months ago. There is the potential for expansion and building garages, but that approval is finalized by the town and county.
Location
just south of Coloma, in the town of Coloma across from Anthony's Bar & Grill.
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Park Information
| Number of MH Lots: | 18 |
| Total Occupancy: | 95.0 % |
| Year Built: | 9999 |
| Average MH Lot Rent: | $363 |
| Size: | 6 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $78,480 |
| Operating Expense: | $15,127 |
| Net Operating Income: | $58,859 |
| Expense Ratio: | 19.3 % |
| Debt Info: | Owner |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |