Meridian Mobile Home Park
5925 Old Hwy 80 W, Meridian, MS 39307
15-pad mobile home park with value-add potential.
Type:Mobile Home Park
- Added:
- Dec 18, 2025
- Days on Market:
- 159
- Last Refresh:
- Mar 16 at 1:35 pm
Property Features for 5925 Old Hwy 80 W
General Information
- Standard status
- Active
- Property subtype
- Mobile Home Park
Listing agent Aaron McLaughlin License #433311
Listing office CENTURY 21 Results
Listing date Dec 18, 2025
Source Crexi
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
HighLights
- 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.
- Low Operating Expenses: Separately metered electric and water billed back to tenants, plus very low property taxes ($994 projected for 2025).
- High Stabilized Cap Rate: Projected 12.7% cap rate on cost at stabilization with 12 occupied pads.
- Infill Potential: Three vacant pads confirmed with the city for continued use and potential infill, offering additional long‑term upside.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Location Insight
- Map
- Local Demand
- City
- Meridian
- County
- Lauderdale
- State
- Mississippi
- Longitude
- -88.739845
- Latitude
- 32.3603444
Nearby Similar for Sale
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 Hwy 80 W Meridian, MS.
What is the asking price?
The asking price for this property is $225,000.
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.
