For Sale
$350,000
765 Union Church Rd Brookhaven, MS 39601
High-yield RV park, value-add opportunity.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- Significant value-add opportunity by leasing vacant park-owned homes and improving operations to increase income.
- Currently 27% occupied; achieving market rent yields a 15.38%+ cap rate. Asking price is approximately $31,000 per unit.
- 11 units total: 10 park-owned homes and 1 tenant-owned home. City water and sewer; gravel roads.
- Located in Brookhaven, MS (population ~23,000), serving high demand for this housing type. Median home value within 3 miles is approximately $106,000.
Property Details for 765 Union Church Rd
- Property type
- Mobile home & RV parks, Campgrounds
- Square Feet
- 51,836 SF
- Lot Size (sq. ft)
- 51,836 SF
- Units
- 11
Location Insight
- City
- Brookhaven
- County
- Lincoln
- State
- Mississippi
- Latitude
- 31.584242270339
- Longitude
- -90.454126673589
Nearby Similar for Sale
FAQs
- What type of property is this?
- Mobile home & RV park - High-yield RV park, value-add opportunity.
- Where is the mobile home & rv park located?
- The property is located at 765 Union Church Rd Brookhaven, MS.
- What is the asking price?
- The asking price for this property is $350,000.
- What are key features of this property?
- This property features: Significant value-add opportunity by leasing vacant park-owned homes and improving operations to increase income.; Currently 27% occupied; achieving market rent yields a 15.38%+ cap rate. Asking price is approximately $31,000 per unit.; 11 units total: 10 park-owned homes and 1 tenant-owned home. City water and sewer; gravel roads.
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