765 Union Church Rd Brookhaven, MS 39601
- Mobile home & RV parks
- 51,836 SF
- 1.19 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 765 Union Church Rd
- Lot size
- 1.19 lot acres
- Property size
- 51,836 SF
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This 1.19-acre RV park in Brookhaven, Mississippi, presents a compelling value-add investment opportunity. Priced at $350,000, this property boasts 51,836 square feet and includes 11 units: 10 park-owned homes and 1 tenant-owned home. Currently operating at 27% occupancy, significant upside potential exists through lease-up of vacant units and operational improvements. A pro-forma cap rate of 15.38% is projected upon achieving market rent. The property features city water and sewer, gravel roads, and is situated in Brookhaven, MS, a city of approximately 23,000 residents with a median home value of around $106,000 within a 3-mile radius. The asking price equates to approximately $31,000 per unit. This property offers a strong potential for increased rental income and a substantial return on investment. The property is located at 765 Union Church Road, Brookhaven, MS 39601. This is a rare opportunity to acquire a well-located RV park with significant upside potential in a growing market. The property's current NOI is $53,845. The price per square foot is $6.75.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brookhaven
- County
- Lincoln
- State
- Mississippi
- Longitude
- -90.4541
- Latitude
- 31.5842
