Brady Hanna Acquires Mobile Home Park In Johnson County, MO For $1,175,000
95 South West Street, Syracuse, NY, USA
$1,175,000
$39/SF
Building Size
30,000 SF
Asset Type
Other
Closing
Jul 14, 2020
AI
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
City of Syracuse Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93