81 Capri Dr 14 Unit Mobile Home Park $590,000 ($42,143/Unit) 10.41% Cap Rate Vicksburg, MS 39180

Details
Property Type
Mobile Home Park
Sub Type
Multifamily
Units
14
Cap Rate
10.41%
NOI
$61,431
Occupancy
93%
Pro-Forma Cap Rate
12.68%
Pro-Forma NOI
$74,812
Broker Co-Op
No
Class
C
Buildings
12
Acreage
3.800
Parking Spaces
per unit
Investment Type
Stabilized
Occupancy Date
12/01/2025
Ownership
Tenant in Common
Sale Condition
N/A
Turnkey, Bite-Size Mobile Home Park with Immediate Upside
Marketing description
Turnkey, Bite-Size Mobile Home Park with Immediate Upside – Direct-Bill Utilities
Battlefield Mobile Home Park is a stabilized, easy-to-manage community in Vicksburg, MS with strong in-place cash flow and very clear upside in both lot rents and home rents. This is the perfect size for a first-time park buyer or a seasoned operator looking for a high-yield bolt-on in a growing Mississippi market.
Property Highlights
14 total pads / 14 occupied currently (although NOI assumes˜93% occupancy)
NOI = $61,431 (if this were self managed the NOI would go up $9,666)
12 park-owned homes plus additional pad(s)
Average lot rent: ~$213/month
Average home rent (park-owned): ~$627/month
All tenants pay their own utilities (direct-bill water, sewer, electric, trash)
Established tenant base with historically strong collections
Below-Market Rents = Built-In Upside
Current lot rents of about $213 per pad sit below typical lot rents in Mississippi, where many parks are achieving mid-$200s to $300+ per month. There is a straightforward path for a new owner to raise lot rents over time while still remaining very affordable for residents.
At the same time, the average all-in rent of ~$627/month** for park-owned homes is well below many competing 2–3 bedroom rentals in Vicksburg, which often run in the $800–$1,000+ range. This gives you room to gradually increase home rents and still offer one of the most affordable housing options in the area.
Operational Strengths
Direct-bill utilities keep operating expenses low and NOI strong
Simple layout and small scale = hands-on owner can run very lean
Mix of long-term tenants who value the affordability and location
Opportunity to further professionalize operations, add simple rules/standards, and enhance curb appeal for additional value creation
Investment Story
Battlefield Mobile Home Park offers investors:
In-place cash flow from Day 1
Lot rents and home rents that are clearly below market
A small, manageable footprint in a steady, affordable housing market
Upside via rent normalization, light exterior improvements, and continued occupancy optimization
This is a classic “cash flow now, value-add later” mobile home park in a market where affordable housing is in demand and replacement cost is far higher than your basis here.
Request the financials and rent roll today and bring your offer – parks at this price point with direct-bill utilities and below-market rents are getting harder to find.
Investment highlights
Property Highlights
14 total pads / 14 occupied (100% occupancy currently)
12 park-owned homes plus additional pad(s)
Average lot rent: ~$213/month
Average home rent (park-owned): ~$627/month
All tenants pay their own utilities (direct-bill water, sewer, electric, trash)
Established tenant base with historically strong collections
Below-Market Rents = Built-In Upside
Current lot rents of about $213 per pad sit below typical lot rents in Mississippi, where many parks are achieving mid-$200s to $300+ per month. There is a straightforward path for a new owner to raise lot rents over time while still remaining very affordable for residents.
At the same time, the average all-in rent of ~$627/month** for park-owned homes is well below many competing 2–3 bedroom rentals in Vicksburg, which often run in the $800–$1,000+ range. This gives you room to gradually increase home rents and still offer one of the most affordable housing options in the area.
Listing Contacts
Andrew Nielson
PRO
LIC:
UT
801.376.3456
ajnielson@aol.com
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Valuation Calculator
Purchase Price
$
Net Operating Income
$61,431
Down Payment
Interest Rate
%
Term (years)
Loan Amount
$450,000.00
Annual Debt Service
$28,988.37
$2,415.70/mo
Annual Cash Flow
$32,442.63
$2,703.55/mo
Valuation Metrics
2.12 DSCR
10.24% Cap Rate
21.63% ROI