Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 102674
  • Posted On: Aug 21, 2011
  • Updated On: Feb 4, 2012

Description

Sixteen Acres */- of choice Florida Property with 34 park owned mobile homes. (18 doublewides and 16 single wides) State licensed for 49 lots now with plenty of room for expansion.
Park is located inside city limits in quiet country setting. Land is high and dry half mile from school and one half mile from downtown shopping. If you are looking for investment property with potential for a big return, this is it..
Stays 98% occupied year round. Needs to be expanded.
For more info call 850-547-3462 Coy Pitts sidelinemhs@yahoo.com

Location

Holmes County Fl

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 49
Total Occupancy: 98.0 %
Size: 16 acre(s)

Financial Information

Gross Income: $178,000
Operating Expense: $25,000
Net Operating Income: $153,000
Expense Ratio: 14.0 %

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 34
Average Rent for Park-owned Homes: $450

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