Value-Add Mobile Home
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478 Sunrise Dr, Cleveland, MS 38732
Mobile home community with value-add opportunity in Cleveland, Mississippi.
Property Size1,600 SF
Lot Size4.10 Acres
Price / SF$171.88
Days on Market149
Property Features for 478 Sunrise Dr
General Information
Standard status
Active
Size
1,600 SF
Class
C
Lot size
4.10 Acres
Property subtype
Mobile Home Park
Occupancy
40%
Investment Type
Value Add
Building Details
Year Built
2000
Units
15
Listing Agency:
CENTURY 21 Results
Listed By:
Aaron McLaughlin · License #433311
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Results
Investment Insights
Based on property information with market context.
Located in Cleveland, Mississippi, 478 Sunrise Dr is a 4.10-acre mobile home community featuring 14 park-owned mobile homes and one single-family residence. The property is currently under-managed, with 6 of the 14 mobile homes occupied, generating approximately $3,750 per month in gross income. This presents a value-add opportunity through lease-up and operational improvements. Infrastructure includes public water, individually billed power and water, and a grandfathered septic system with 13 tanks, many of which have been serviced or replaced recently. Leasing the remaining vacant homes could significantly increase gross income. At stabilization, the property has the potential to generate approximately $9,000–$10,000 per month in gross income once occupancy is improved. The offering also includes a single-family home of approximately 1,600 square feet that can be used as an additional rental unit, on-site management housing, or for future resale. Seller financing is available with approximately $30,000 down, creating an attractive opportunity for investors seeking a value-add mobile home community with flexible acquisition terms and substantial upside through lease-up.
Key Highlights
- Seller financing available with approximately $30,000 down.
- Significant value‑add opportunity through lease‑up of 8 vacant mobile homes.
- Potential to increase gross monthly income from $3,750 to $9,000-$10,000 at stabilization.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
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Business Placement
Demographics for 38732, MS
17,652
Population
7,354
Households
2.4
Avg Household Size
36
Median Age
32%
College-Educated
84%
High-School Grad
88.3 sq mi
ZIP Area
200
Density / Sq Mi
$44,239
Median Household Income
$34,531
Median Earnings
$776
Median Rent
$163,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Mobile home community with value-add opportunity in Cleveland, Mississippi.
Where is this mobile home & rv park located?
The property is located at 478 Sunrise Dr Cleveland, MS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Seller financing available with approximately $30,000 down.; Significant value‑add opportunity through lease‑up of 8 vacant mobile homes.; Potential to increase gross monthly income from $3,750 to $9,000-$10,000 at stabilization.**
