Mobile Home Magic: Bradford Trace Mobile Home Park

Bradford Trace Mobile Home Park

Listed by Steve Woodyard

Address: 485 E Commerce Street
City: Hernando
State: MS
Zip: 38632-2417
Price: $1,963,000
Phone #: 901-842.5430

Purchase Options

Cash

Age of homes in park: 20 plus yrs
Who provides water?: city
Who pays water?: park
Is each lot metered for water?: unknown
Who provides sewer?: City
Current age of sewer lines?: unknown

Cap Rate %: 9
How old is park: unknown

Full Description: Mobile home park has 75 pads. 48 Homes included. High cash flow! Easy to manage! High occupancy. Capital improvement for the mobile home park over past few years includes elec. systems completely renovated & installed underground lines; installed natural gas services & cable service; new asphalt paving; newer concrete pads for each lot; new landscaping on each lot & common areas; new mailbox canopy; built decks for each occupied lot

Location: Located in Hernando, MS which minutes from Interstate 55 and 12 miles south of Memphis, TN. Hernando is the county seat of one of the top 40 fastest-growing counties in the nation. Community has experienced a 50% rate of growth in past 10 yrs.
Business website: http://www.woodyardrealty.com/buyers/detail.asp?id=338
E-mail: steve@woodyardrealty.com