12 acres | 49 spaces | $2,500,000

This mobile home park comprises 12+ acres with 49 spaces and an onsite office for the park manager. Currently, 46 slots are occupied, and the remaining three can be filled with little effort. This investment opportunity allows new owners to acquire a park with considerable upside through leasing vacant sites. New ownership could increase the rents and fill those remaining three available spaces. Please refer to the flyer in the documents tab to see the numbers. Financial available upon request. Great location for a mobile home community, very close to shopping centers, hospitals, and a public golf course.

Property Subtype- Manufactured Housing/Mobile Home

Price Per Unit- $50,000

Building Class- C

Sale Type- Investment

Lot Size- 12.57 AC

Cap Rate- 5.92%

Building Size- 1,112 SF

Gross Rent Multiplier- 5.92

Average Occupancy- 94%

No. Units- 50

Year Built-1972