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Memphis Mobile Home Park 
1320 Ferguson
Memphis, Tennessee 38106
County: Shelby
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| Type: | Multifamily
Mobile Home/RV Community |
| No. Spaces: | 50 |
| Lot Size: | 6.30 Acres |
| Occupancy: | 80.00% |
| Price: | $775,000 |
| Price/Space: | $15,500 |
| Cap Rate: | 11.45% |
| Year Built: | 1973 |
Date Last
Verified: | 1/9/2009 |
| Property ID: | 15072299 |
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Property Description:
Bank and owner financing available for this property. 30 yr Amortization!
Great opportunity to purchase this mobile home park in Memphis just off of Elvis Presely Blvd. 51 Lots, 1 used for storage, 1 for shop, 1 for office leaving. 49 lots. 37 lots have park owned homes 12 used for lot rentals only. The park owned homes are in astonishingly good condition, most are fully furnished including appliances. Locally owned and operated by father and son team. Very clean park, nothing left undone. Owner is retiring. 3 acres of undeveloped land included in the purchase as part of the same parcel. A FEW CHANGES IN MANAGEMENT STYLE WILL RESULT IN EVEN BETTER CASH FLOW. Very popular rental product. This is about the cleanest park you will ever see. Expand the park to for wider homes for lot rentals. Superior product to others in the area.
BE SURE TO LOOK AT THE FINANCIALS ON THIS ONE!
Location Description:
Near interstate junction 240 and 55. Close to airport.
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