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Lynchburg Mobile Home Park
7136 Hwy 301 North, Horn Lake, MS 38637
108 Spaces | Multifamily
Lynchburg Mobile Home Park
Multifamily Property - Off Market
- No. Spaces:
- Property Type:
- Property Sub-type:
- Mobile Home/ RV Community
- Property Use Type:
- Commission Split:
- Cap Rate:
- Gross Rent Multiplier:
- Year Built:
- Lot Size:
- 19.60 AC
- Listing ID
- Last Updated
- over 1 year ago
- 108 homesites.
- Hard surfaced streets.
- 31 rental homes are included.
- City water & city sewer.
- Economically vibrant area.
- 8 vacant homes and 2 vacant sites.
Lynchburg Mobile Home Park is located in DeSoto County, MS. There is tremendous population growth in the market and employment opportunities in construction, retail, and hospitality.
With a fulltime manager, the current owner of Lynchburg spends very little time at the property. The manager takes care of all aspects of the operation. There is also a full-time maintenance person who works 44 hours a week and is paid roughly $9.00 per hour.
108 homesites with 31 rental homes. Home rentals pay weekly. There are also three homes leased with an option to purchase. Seller will retain these lease to own options.
This is a great property for an investor who wants to invest but doesn t have the time to be very involved with management.
DeSoto County, Mississippi enjoys the best of both worlds. It is one of the fastest growing counties in the South and it is part of the Memphis, TN market. It is a bedroom community for Memphis employees. It is 15 miles from the Tunica, MS casinos and hotels. Tremendous growth of housing, retail, and golf courses is taking place and unemployment is very low.
Map of 7136 Hwy 301 North, Horn Lake, MS 38637 (DeSoto County)
Research for 7136 Hwy 301 North, Horn Lake, MS 38637 (DeSoto County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO