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Brady Hanna Acquires Mobile Home Park In Johnson County, MO For $1,175,000

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SOLD
$1,175,000

New York

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Other30,000 SF
Sold 07/14/2020
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Property Image
SOLD

Brady Hanna Acquires Mobile Home Park In Johnson County, MO For $1,175,000

95 South West Street, Syracuse, NY, USA

See Similar Deals
Other30,000 SF
Sold 07/14/2020
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$39
Total Square Footage:30,000 SF
Transaction Type:Sale

A mobile home park located at 95 SW 75th St. in Johnson County, MO, was recently sold for a price of $1,175,000. The property, consisting of 124 units, was purchased by Brady Hanna. The sale price translates to a per unit price of $9,475. The transaction resulted in a capitalization rate (CAP) of 3.6%.

Summary of transaction details:

  • Property Type: Mobile Home Park
  • Transaction Amount: $1,175,000
  • Address: 95 SW 75th St., Johnson County, MO
  • Market: Johnson County, MO

The deal was facilitated by Luxstone MHP, with brokers Drew Greenbaum, Gabe Fischer, and Eli Landes representing the buyer and seller. Luxstone MHP is a team of young professionals who specialize in finding off-market deals for mobile home parks. They have a wide network of owners across the country and are experienced in representing the interests of their clients. For those interested in buying or selling mobile home parks, Luxstone MHP is highly recommended.

For more information, interested parties can contact Drew Greenbaum at 914-255-6516 or via email at [email protected].

Players

Eli Landes
4 deals$15.3M volume
BROKER

Details

SOLD
IMAGE: Drew Greenbaum, Gabe Fischer & Eli Landes DATE: 07/14/2021 ADDRESS: 95 SW 75th St. MARKET: Johnson County, MO ASSET TYPE: Mobile Home Park BUYER: Brady Hanna BROKERS: Drew Greenbaum, Gabe Fischer & Eli Landes - Luxstone MHP SALE PRICE: $1,175,000 UNITS: 124 ~ PPU: $9,475 CAP: 3.6% NOTES: Luxstone MHP Brokerage- We are a team of hungry young professionals. We have a tremendous network of owners around the country, and we only seek to find off market deals. If you are interested in buying or selling mobile home parks, this is the team that will best represent your interests and get a deal done. Please feel free to contact us. 914-255-6516 [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$62,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19