Contact Information

Mobile Home Park Details

  • Price: $1,250,000
  • Cap Rate: 12.0% (Actual)
  • Listing ID: 6842238
  • Posted On: Mar 12, 2025
  • Updated On: Mar 25, 2025

Description

Picturesque 11.35 Acre mobile home community, offering positive cash flow and room to grow. The property features 42 sites, 12 tenant owned homes, the remaining are rentals with a few rehab projects. Yielding a 12% cap rate currently and could be increased. There is a high need for affordable housing options in Wabash County. The park has recently switched management to a current tenant for better on-site management. There is excess unused acreage on the property that can be converted into additional mobile home lots or other uses. The units are serviced by a well which had a new pump installed recently. There is also a wastewater treatment plant for the park.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 42
Total Occupancy: 83.0 %
Year Built: 1977
Size: 11 acre(s)

Financial Information (Actual)

Gross Income: $208,380
Operating Expense: $60,218
Net Operating Income: $148,161
Expense Ratio: 28.9 %

Lot Information

Singlewide Lots: 42

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 16
Average Rent for Park-owned Homes: $700

Download Documents

Similar Mobile Home Parks for Sale