Listed by Mr. Landman
$419,000
Details
Property Type Mobile Home Park
Square Footage 98,010
Units 11
Cap Rate 19.07%
NOI $79,900
Occupancy 100%
Pro-Forma Cap Rate 22.79%
Pro-Forma NOI $95,500
Class C
Acreage 2.370
Zoning MHP
Investment Type Stabilized
Ownership Fee Simple
City water & city sewer!!!
Marketing description
This 11-pad community is fully occupied with 11 park-owned homes and is being offered as part of a portfolio currently undergoing refinance if not sold prior. The property benefits from city water & city sewer, and all utilities—including water, electric, gas, and trash—are directly billed to tenants, minimizing owner expenses. Rents range from $500 to $900 per month, providing a strong in-place income stream with potential for further operational refinement.
Additional details available upon request. Seller financing is not available.
(Jonathan Fisher is a licensed WV broker under MR. LANDMAN, LLC, WV License #WVB260301161.)
Investment highlights
•City water & city sewer!
•100% occupied!
Listing Contacts
Listed by Mr. Landman
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,900.00
$6,658.33/mo
Valuation Metrics
0
DSCR
19.07%
Cap Rate
19.07%
ROI
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