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Bon Aire Estates Mobile Home Park 8948 New Bowling Green rd

37 Unit Mobile Home Park $1,005,317 CAD ($27,171 CAD/Unit) 11.59% Cap Rate Smiths Grove, KY 42171

Mobile Home & RV Parks Kentucky Smiths Grove 8948 New Bowling Green rd, Smiths Grove, KY 42171

EXECUTIVE SUMMARY

37 lot park, well maintained sitting on approximately 4.5 acres. . Lot rents at 275 currently so room to improve that in the future. High demand for rentals in the area. New rental rates are 800-850 a month. Many homes have been extensively renovated in the park. City water that is individually metered. Park has it's own sewer treatment plant. Lots of upside with 17 vacant lots to fill up. Some of these lots could possibly be turned into rv lots. One of the owners (Stewart Phillips) is a licensed real estate agent.

PROPERTY FACTS

Price $1,005,317 CAD Property Type Multifamily
Price Per Unit $27,171 CAD Property Subtype Manufactured Housing/Mobile Home
Sale Type Investment Building Class C
Cap Rate 11.59% Building Size 20,000 SF
Gross Rent Multiplier 7.4 No. Stories 1
No. Units 37 Year Built/Renovated 1970/2023
Price $1,005,317 CAD
Price Per Unit $27,171 CAD
Sale Type Investment
Cap Rate 11.59%
Gross Rent Multiplier 7.4
No. Units 37
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Building Size 20,000 SF
No. Stories 1
Year Built/Renovated 1970/2023
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(423) 544-0002

CONTACT

  • Listing ID: 32111624

  • Date on Market: 2024-06-12

  • Last Updated:

  • Address: 8948 New Bowling Green rd, Smiths Grove, KY 42171

The Multifamily Property at 8948 New Bowling Green rd, Smiths Grove, KY 42171 is currently available for sale. Contact Keller Williams Realty for more information.

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8948 New Bowling Green rd, Smiths Grove, KY for sale Building Photo- Image 2 of 5
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Bon Aire Estates Mobile Home Park | 8948 New Bowling Green rd
(423) 544-0002 x

Bon Aire Estates Mobile Home Park | 8948 New Bowling Green rd

Stewart Phillips

(423) 544-0002

(423) 544-0002

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