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5925 Old Highway 80 W Meridian, MS 39307

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15-pad mobile home park with value-add potential.

Lot size:
1.36 Acres

Property Features for 5925 Old Highway 80 W

General Information

Standard status
Active
Zoning
HU
Lot size
1.36 Acres

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Listing Contact
Aaron Mclaughlin
Source: Crexi

Listing Agency: CENTURY 21 Results Listing Agent: Aaron Mclaughlin

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Meridian Mobile Home Park Opportunity

The property at 5925 Old Highway 80 W in Meridian, Mississippi, is a 15-pad mobile home park. It is offered at a price of $225,000. The property generates approximately $29,800 in annual in-place income, producing an estimated $22,350 NOI using a conservative 25% expense ratio. The property has a strong ~9.9% in-place cap rate and a clear, executable value-add plan. Utilities include city water and sewer, with separately metered electric and water billed back to tenants. Property taxes are extremely low at $994 projected for 2025. Planned upgrades of approximately $50,000 are focused on curb appeal, cleanup, and basic park improvements. Lot rents are projected to increase to $325 per pad while maintaining affordability in the local market. At stabilization (12 occupied pads), the property supports $46,800 in gross annual income and an estimated $35,100 NOI, equating to a ~12.7% cap rate on cost at a $275,000 all-in basis. At stabilized operations, the property supports values of approximately: $319,000 at an 11% cap, $351,000 at a 10% cap, and $390,000 at a 9% cap. This creates meaningful equity upside of ~$44K–$115K, depending on exit cap, with additional long-term upside from three vacant pads that have been confirmed with the city for continued use and potential infill.
Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Meridian
County
Lauderdale
State
Mississippi
Longitude
-88.739845
Latitude
32.3603444

FAQs

What type of property is this?
Mobile home & RV park - 15-pad mobile home park with value-add potential.
Where is this mobile home & rv park located?
The property is located at 5925 Old Highway 80 W Meridian, MS.
What are key features of this property?
This property features: - High In-Place Cap Rate: Approximately 9.9% current cap rate provides strong immediate return on investment.; - Value-Add Potential: Clear plan to increase lot rents and overall income with approximately $50,000 in planned upgrades.; - Significant Equity Upside: Projected increase in property value by $44,000 - $115,000 upon stabilization.
More about this property
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