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MHP For Sale
Nebraska

Terjak's Trailer Park

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105 W Oasis St, Cairo, NE 68824
$849,900
11.12%
%
Total MH Lots
20
TOH Lots
6
POH Lots
14
Vacant MH Lots
1
Active
Terjak's Trailer Park
Map
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About this community

Terjak's Trailer Court is a stabilized mobile home community located in Cairo, Nebraska, within the Grand Island metropolitan area. The property consists of 20 mobile home sites operating at approximately 95% overall occupancy, including 6 tenant-owned homes and 14 park-owned homes. The community also features three seasonal RV sites that are traditionally occupied from early spring through late fall.

Infrastructure includes city water and sewer, natural gas service, city-maintained gravel and concrete streets, and park-provided trash service. The park's internal water and sewer lines and 14 electrical pedestals have been upgraded within the last 15 years. Additionally, approximately ±1 acre of land offers potential for the development of additional mobile home sites, RV spaces, or self-storage.

Located approximately 10 minutes from downtown Grand Island, the region's primary employment and commercial hub, the community benefits from a diverse economic base supported by Agriculture, Manufacturing, Healthcare, and Education, which helps sustain long-term workforce housing demand in surrounding communities such as Cairo.

Investment Highlights

Verified mobile home park market advantage

Publicly maintained streets

Verified mobile home park market advantage

Stabilized turn-key operation

Verified mobile home park market advantage

Value add opportunity for rate increases and vacant land

Verified mobile home park market advantage

Upgraded interior water and sewer lines

Questions about this property?

Gil Wigington, Managing Broker at Mid-Plains Land & Realty, specializing in Midwest mobile home park acquisitions and valuations.

Gil Wigington

Co-Founder & Managing Broker

Licensed in: Nebraska, Iowa, South Dakota

Broker Relationships in: Missouri, Kansas, Minnesota, and North Dakota

View Gil's profile →
Property Facts
County
Hall County
Acres +/-
3.3
Price
$849,900
NOI
$94,513
Price per Site
$36,952
CAP Rate
11.12%
MH Lots
20
Tenant Owned Homes
6
TOH Occupancy
83%
Park Owned Homes
14
POH Occupancy
100%
RV Pads
3
Utilities
City water, City sewer
Illustrative Financing

* Illustrative financing only. Actual loan terms vary by lender and borrower qualifications.

Loan Type
Amortized
Years Amortized
25
Interest Rate
6.75%
Down Payment
(30%) $254,970
Loan-to-Value
70%
Monthly Debt Service
$4,109
Annual Debt Service
$49,308
Annual Cash Flow
$45,205
Cash on Cash Ratio
17.7%
Debt Service Coverage Ratio
1.92
Looking for off-market opportunities?
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