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In addition, Vero Beach offers the lush McKee Botanical Garden on 80 acres. This makes Vero Beach a great place for residents who love exploring the natural surroundings. If you have a mobile home park with vacant spaces, you may have options you haven’t considered. For example, let’s say your mobile home spaces lease for $300 a month. You could advertise the vacant space and move in a tenant who owns his own trailer.
The general industry rule of thumb is that for every $10 per month space rent increase, you lose $1,000 in mobile home equity. In a commercially owned community, the theory is that if you dont like how the park is being managed, you can move your home. If you live in a park without protection from skyrocketing rent or even park closure, you could be at risk to lose your home. Option 1 is by far the best option when purchasing a mobile/manufactured home.
Benefits of Mobile Home Parks
We’ve witnessed this happening in many of California’s corporate owned mobile home parks e.g. the review of 5,000+ mobile home for sale listings. Certain real estate listing data is provided by Staten Island MLS under its Internet Data Exchange program. This data is provided exclusively for consumers’ personal, non-commercial use and may only be used for identifying prospective properties consumers may be interested in purchasing or renting.

The trailer park is suitable for all ages, and rents start at $225 for a single-wide or RV pad. Oakhaven Mobile Home Park is 100% occupied, and theres a potential for seller financing, making this affordable mobile home park property an excellent choice for buyers. The Bloomfield Village mobile home park sits on 2.87 acres in Bloomfield, Iowa, which is located near several medical and educational facilities and a meat processing plant.
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My beautiful bride who has been by my side now for more than four decades is our vice-president. The groups with which we work closely, ROC USA and the Cooperative Development Institute, continue to offer guidance and training which I take advantage of at every opportunity. With guidance from LEAP, Pleasant View residents have joined together to form a cooperative and take out a $1.65 million loan $1.39 million for the land, plus funding for infrastructure improvements. Is there anything you’d like to know about owning and leasing park-owned homes? Zillow Group is committed to ensuring digital accessibility for individuals with disabilities.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Your home’s equity is usually NOT protected when in a corporate owned mobile home park. In many instances, corporate owned MHPs have space rents well above market rates. The higher the space rent, the more likely the equity in your home suffers.
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Furthermore, tenant turnover is often less in mobile home parks compared to apartment buildings. These factors can make owning a mobile home park a profitable investment. Usually within 3-5 years after purchase, the space rent has increased to a point where it is no longer affordable. Typically the homeowner ends up selling their mobile/manufactured home for less than what it is worth due to the space rent increases.
For resident-owned mobile home parks in southwest Florida, check out Colony Cove, a 55+ community right off the gulf coast. The community has two pools, including one thats heated so you can enjoy the water year-round. The community offers regular social events and activities so you can get to know your neighbors. Usually, privately owned parks are of a higher caliber with good neighbor owners. You can expect space rents to remain at a reasonable rate during the time the family owns it. For parks where there is a high density of park-owned homes, the cash-flow can be much higher than a pad-only park.
You essentially triple your revenue for the same piece of land. Once the mobile is paid off, you stand to make a very nice return on investment. Mobile Home refers to homes built prior to Wednesday, June 16,1976. The term Mobile Home is often used interchangeably with Manufactured Home, they are technically different. Trailer refers to homes that are 8 feet wide by 40 feet long and are classified as Recreational Vehicles by HCD. There are approximately 89,525 RV lots in the State of California.

Last year, more than 80,000 homes were sold on MHVillage with a combined transaction value exceeding $3 billion. In contrast to age-restricted communities, all-ages communities cater to families, young adults, and basically anyone else who wants to live in an affordable, community-centric development. These parks often have kid-friendly amenities to keep youngsters busy, including pools, basketball courts, playgrounds, and organized activities. You’ll find everyone from young families to retirees enjoying community life in attractive, cost-effective homes. Oakhaven Mobile Home Park contains 12 pads on 6.27 wooded acres, with room to expand up to 22 units. It has a mixture of single and double-wide units, recreational vehicles , travel trailers, and one site-built 400 square foot office or studio apartment.
The cost is the time you spend investing in your education and the application of what you learn. Park-owned homes are mobile homes the owner has purchased, usually to rent to tenants. Manufactured Home refers to homes built after Tuesday, June 15, 1976 when the HUD Code governing building standards for factory built homes was instituted.
Community amenities include a heated pool and spa, clubhouse, bocce court, shuffleboard, bingo, and biking. Outside of Midway Estates are the beautiful Vero beaches, with free parking at public beaches. Passing through Vero Beach is the Indian River Lagoon, and a few miles north is Disneys Vero Beach Resort.
They are specifically designed to provide owners and renters of manufactured homes with plots of land to rent, with a wide range of valuable services and amenities included in the price. This mobile home park is situated on 10 acres, including 5.6 acres which are zoned commercial. Its only a quarter-mile from the main highway, a 10-minute drive to Lake Schaffer, and offers three park-owned mobile homes. As of July 2021, there are 13 lots set up for use, of which four are vacant. Additionally, there are 20 lots open with utilities run to them and space to add an owner home or build storage units. Theres also a private well and well building on the property, a septic system, and a storage shed with a riding mower thats included in the sale.
Whether you’re looking for a specific park type or browsing vacant lots for rent, you’re sure to discover the right fit with us. Also known as mobile home co-ops, these communities allow residents to share ownership of the park, with everyone contributing pay for the land, maintenance, services, utilities, etc. The benefits of mobile home co-ops are plentiful, giving residents a greater sense of security as well as more control over the way their neighborhood is run. From pristine pools and tennis courts to ocean views, today’s manufactured home communities are stocked with amazing amenities. In fact, many are designed around a central clubhouse that offers a place for the community to come together to share meals, socialize, play games, and do community service activities. Some also provide access to nature trails, beaches, parks, or lakes.
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