Winfield Mobile Home Park

Jennifer Stein Real Estate, Inc. in conjunction with MHP Brokerage is pleased to exclusively market Winfield Mobile Home Park in Winfield, TN. The community consists of 47 lots broken up as follows - 33 POHs rented, 3 POHs in need of TLC, 1 Office, and 10 vacant lots.

The current owner covers up to $200/month per trailer in utilities and each tenant gets billed for anything over $200. In 2023 the park paid $90k in utilities and received $10k payback from tenants who exceeded the monthly limit. Moreover, the park is en route to gross North of $250k with a present-day CAP Rate of around 10%, presenting an enticing opportunity to further increase the CAP by billing back water & sewer.