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MagnoliaView Park 171 County Road 2296 12 Unit Mobile Home Park $1,641,000 ($136,750/Unit) 8.70% Cap Rate Saltillo, MS 38866
INVESTMENT HIGHLIGHTS
- All Brand New Units Under Construction
- Strong, Stable Cash Flow
- Two Bedrooms & Two Bathrooms in high demand area
EXECUTIVE SUMMARY
MagnoliaView Park, a brand new multi-family park in Saltillo, MS with 12 units and expansion room on 6 acres.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$172,800
|
$17.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$17,280
|
$1.76
|
| Effective Gross Income |
$155,520
|
$15.80
|
| Taxes |
$3,000
|
$0.30
|
| Operating Expenses |
$9,753
|
$0.99
|
| Total Expenses |
$12,753
|
$1.30
|
| Net Operating Income |
$142,767
|
$14.51
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $172,800 |
| Annual Per SF | $17.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $17,280 |
| Annual Per SF | $1.76 |
| Effective Gross Income | |
|---|---|
| Annual | $155,520 |
| Annual Per SF | $15.80 |
| Taxes | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.30 |
| Operating Expenses | |
|---|---|
| Annual | $9,753 |
| Annual Per SF | $0.99 |
| Total Expenses | |
|---|---|
| Annual | $12,753 |
| Annual Per SF | $1.30 |
| Net Operating Income | |
|---|---|
| Annual | $142,767 |
| Annual Per SF | $14.51 |
PROPERTY FACTS
| Price | $1,641,000 | Apartment Style | Garden |
| Price Per Unit | $136,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 6.00 AC |
| Cap Rate | 8.70% | Construction Status | Under Construction |
| Sale Condition | Building in Shell Condition | Building Size | 9,840 SF |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2026 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | rural | ||
| Price | $1,641,000 |
| Price Per Unit | $136,750 |
| Sale Type | Investment |
| Cap Rate | 8.70% |
| Sale Condition | Building in Shell Condition |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.00 AC |
| Construction Status | Under Construction |
| Building Size | 9,840 SF |
| No. Stories | 1 |
| Year Built | 2026 |
| Zoning | rural |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer Hookup
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Range
- Tub/Shower
- Deck
- Family Room
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Security System
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 12 | $1,200 | 820 |
1 of 12
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MagnoliaView Park | 171 County Road 2296
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