Listed by Matthews
$774,254
Rome Mobile Home Park
Details
Property Type Mobile Home Park
Sub Type Manufactured Housing
Units 19
Cap Rate 8.50%
Year Built 1999
Acreage 2.850
Mobile Home Park | 9.25% Cap Rate | $774,254
Marketing description
- 19 Total Lots
- Unique dual-site configuration across 73 Dugger Dr and 1080 Hennon Dr.
- Unit mix includes 12 Park-Owned Homes (PO-2+1), 5 Tenant-Owned Homes (TO), and 2 Rental Homes.
- Total Land Area of approximately 2.85 Acres consisting of a 1.98 AC and a 0.87 AC site.
- Current Average All In Rent of $900+ per month.
- Market Average Lot Rent proven at $500 per month.
- Projected Market Cap Rate of approximately 9% at stabilization.
- Value-add potential through the occupancy of 4 vacant lots.
- Stabilized Proforma Tenant Owned Income estimated at $120,000 annually.
Listing Contacts
Listed by Matthews
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