Mobile Home Park Details

  • Listing ID: 687035
  • Posted On: Jul 13, 2016
  • Updated On: Jul 13, 2016

Description

This investment opportunity includes two parks! Plaza Park sits right off interstate 44 with 47 lots. Shady Oaks is just right outside the city limits with 18 lots. The two properties have a wonderful reputation and are very family friendly.

July 2016 rent charges were $8480. Lot rent is $155. Park pays sewer, water and trash. Lots are individually metered and water/sewer could be billed back in the future. There are 11 park owned homes in rent credit programs, therefore decreasing expenses for new owner.

Plaza Park Estates and Shady Oaks Estates offers a great upside opportunity to continue to increase occupancy, move additional utilities to tenants and increase rents. Buyer also has opportunity to purchase and develop the four plex with house as it is currently vacant. This is prime real estate and can be seen from interstate 44. This investment is perfect for the buyer who enjoys increasing the bottom line!

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

Park Information

Community Type: All Age
Number of MH Lots: 65
Total Occupancy: 63.0 %
Average MH Lot Rent: $155

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