851 Mount Pleasant Road

Investment Opportunity - 24-Lot Mobile Home Park | 11% Cap Rate This 24-lot mobile home park offers a strong mix of current income, operational stability, and value-add potential. Financial Overview: Annual Gross Rent: $91,500 Annual Net Income: $76,845.62 (as of 03/31/2026) Cap Rate: 11% Average Rent (Park-Owned Homes): $625/month Current Occupancy: 13 park-owned mobile homes - tenant occupied 1 tenant-owned home - long-term lot rent Majority of tenants are under lease agreements Tenants pay utilities Value-Add Opportunities: 3 abandoned homes (seller actively working to secure titles) 1 unit down to shell - ready for remodel 1 additional home in need of renovation Expansion Potential: 5 vacant lots with existing water, sewer, and electrical already in place Market lot rent for these sites estimated at $250-$350/month Opportunity to add park-owned homes or expand lot rent portfolio Operations: Currently managed by a professional property management company, offering a turnkey investment opportunity for new ownership With infrastructure in place and multiple avenues to increase revenue, this property is well-positioned for an investor seeking immediate cash flow with upside through expansion and improvements.