7136 Hwy 301 North
Horn Lake, MS 38637 ·
108 Spaces · Multifamily For Sale
Lynchburg Mobile Home Park
|No. Spaces||108||Gross Rent Multiplier||6.50|
|Property Sub-type||Mobile Home/RV Community||Year Built||1974|
|Property Use Type||Investment||Lot Size||19.60 AC|
|Listing ID: 14637865||Date Created: 05/26/2006||Last Updated: 09/25/2006|
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.
- 108 homesites.
- Hard surfaced streets.
- 31 rental homes are included.
- City water & city sewer.
- Economically vibrant area.
- 8 vacant homes and 2 vacant sites.
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