Mobile Home Park Details
- Cap Rate: 13.5%
- Listing ID: 12485
- Posted On: Jun 2, 2010
- Updated On: Oct 12, 2010
Description
McLaughlin Village Mobile Home Community . Land area 45 +/- acres of rolling terrain with lots of trees, and plenty of space b/w units. On-site management. Park takes up 20 to 25 acres, so plenty of room for expansion. City water and septic tanks.
Rental units include 41 mobile homes,1 duplex, 2 houses, 2 shop buildings, and barn.
Rent collected weekly which allows for extra 4 weeks of rent collection. Full park brings in $2810/wk - currently 3 vacancies.
All utilities paid by renter.
Cap rate based on Jan-May income and expenses
Location
just outside the Nashville city limits, but only 1.5 miles from downtown
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 44 |
| Total Occupancy: | 93.0 % |
| Size: | 20 acre(s) |
Financial Information
| Net Operating Income: | $90,890 |
Park-Owned Homes
| Number of Park-owned Homes: | 44 |
| Average Rent for Park-owned Homes: | $261 |