765 Union Church RdBrookhaven, MS 39601

Property Details for 765 Union Church Rd

Lot size

1.19 AC

Property size (Sq ft)

51,836 SF

Property type

Mobile home & RV parks

Property subtype

Campgrounds

Description

This 1.19-acre RV park in Brookhaven, Mississippi, presents a compelling value-add investment opportunity. Priced at $350,000, this property boasts 51,836 square feet and includes 11 units: 10 park-owned homes and 1 tenant-owned home. Currently operating at 27% occupancy, significant upside potential exists through lease-up of vacant units and operational improvements. A pro-forma cap rate of 15.38% is projected upon achieving market rent. The property features city water and sewer, gravel roads, and is situated in Brookhaven, MS, a city of approximately 23,000 residents with a median home value of around $106,000 within a 3-mile radius. The asking price equates to approximately $31,000 per unit. This property offers a strong potential for increased rental income and a substantial return on investment. The property is located at 765 Union Church Road, Brookhaven, MS 39601. This is a rare opportunity to acquire a well-located RV park with significant upside potential in a growing market. The property's current NOI is $53,845. The price per square foot is $6.75.

Location Insight

City

Brookhaven

County

Lincoln

State

Mississippi

Latitude

31.5842

Longitude

-90.4541

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