Mobile Home Park Details
- Cap Rate: 7.2%
- Listing ID: 13220
- Posted On: Jun 2, 2010
- Updated On: Oct 12, 2010
Description
This park is CLEAN, QUIET, WELL-MAINTAINED, and IT MAKES MONEY!
21 space mobile home park in Barre, Vermont--priced below the appraisal. Centrally located--just minutes from the interstate, and then it's quick to either Montpelier, Barre, Northfield, even Burlington and Hanover.
Some homes are park-owned, but most are owned and maintained by the tenants. Many of the tenants have been there for several years--good rental history, solid rent rolls.
Vacancy rates are very low, even for this area, which means less time trying to fill sites, and more time running at full profitability.
The park also has a 3-unit apartment building that is included in the sale. Again, it's well-maintained, and has a good rental history
There's a second, smaller park (7 sites) in nearby East Barre that's also for sale--it's a great opportunity for a smart investor (or investment group) to pick up two cash flowing properties at once. The smaller park is listed for sale at $140,000--again, less than the appraised value.
Complete and accurate financials (no exaggerations--what you see is what you'll get!) are available for examination with non-disclosure agreement.
Park Information
Number of MH Lots: | 21 |
Total Occupancy: | 100.0 % |
Average MH Lot Rent: | $300 |