Active
Sale
Investment
Multifamily
Mobile Home Park
ID 945b4529
4832 Hwy 51 S
4832 Hwy 51 S, Hernando, MS 38632
For Sale
$1,200,000$40,000/Unit
- Total Units
- 30
- Cap Rate
- 11.46%%
- Lot Size
- 4.7814 ac
- County
- DeSoto
- Days on Market
- 47
- Listed
- 08/14/2026
- Updated
- 08/11/2026
1 / 5
Overview
Bank owned - Mobile Home Community.
Baseline Valuation Breakdown
Metric Calculation Estimated Value Annual Gross Income
$19,100 × 12 months
$229,200
Operating Expenses (40%)
40% of Gross Income
-$91680.00
Net Operating Income (NOI)
Income - Expenses
$137,520
Estimated Value (8% Cap)
$126,060 ÷ 0.08
$1,719,000
Estimated Value (12% Cap)
$126,060 ÷ 0.12
$1,146,000
Attachments
Additional Information
- City
- Hernando
- State
- MS
- Zip Code
- 38632
- Secondary Uses
- Mobile Home Park
- Zoning
- A
- Zoning Desc.
- Agricultural
- Gross Income
- $229,200
- NOI
- $137,520
- Total Expenses
- $137,520
- Landscaping Expenses
- $1,100
- Sale Terms
- Cash to Seller
- Call For Offers
- Yes
- Building Name
- Cane Creek Community
- Year Built
- 2018
- Nearest MSA
- Memphis, TN
- Property Use Type
- Investment
- Property Status
- Existing
- Total Units
- 30
- Water Provider
- Private - Belmont Water Association
- Parcel APN
- 307930000 0004000
- Listing ID
- 945b4529
- City
- Hernando
- State
- MS
- Zip Code
- 38632
- Secondary Uses
- Mobile Home Park
- Zoning
- A
- Zoning Desc.
- Agricultural
- Gross Income
- $229,200
- NOI
- $137,520
- Total Expenses
- $137,520
- Landscaping Expenses
- $1,100
- Sale Terms
- Cash to Seller
- Call For Offers
- Yes
- Building Name
- Cane Creek Community
- Year Built
- 2018
- Nearest MSA
- Memphis, TN
- Property Use Type
- Investment
- Property Status
- Existing
- Total Units
- 30
- Water Provider
- Private - Belmont Water Association
- Parcel APN
- 307930000 0004000
- Listing ID
- 945b4529