Contact Information
Mobile Home Park Details
- Price: $1,700,000
- Cap Rate: 9.7% (Actual)
- Listing ID: 6857050
- Posted On: Mar 28, 2025
- Updated On: Mar 28, 2025
Description
Sands Investment Group is Pleased to Present Exclusively For Sale the Vales Mill Mobile Home Park Located at 1810 Vales Mill Road in Pulaski, TN. The Property Features 27 Lots Consisting of 26 Park Owned Homes and 1 Vacant Lot, Situated on 8.39 Acres.
• 27 Total Lots Comprised of 26 Park Owned Homes & 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
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Park Information
| Number of MH Lots: | 27 |
| Total Occupancy: | 96.3 % |
| Average MH Lot Rent: | $925 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $248,760 |
| Operating Expense: | $83,121 |
| Net Operating Income: | $165,638 |
| Expense Ratio: | 33.4 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
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