Photo of Park
Photo of Park
RV park
RV park
Photo of Park
RV park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.4%
  • Listing ID: 102804
  • Posted On: Aug 26, 2011
  • Updated On: Jul 21, 2015

Description

PRICE REDUCTION: $675,000 - BANK Financing Available with 35% Down!

Marion County, FL Mobile Home/ RV Park for sale

PRINCIPLES ONLY

50 site park situated on 9.71 acres. 26 mobile home lot rentals, 3 park owned mobile homes, 15 RV rental spaces. 1 single family residence with office, 1 duplex, community room and laundry room. Private well system and 13 septic tanks. Very close to the Villages on main highway with plenty of visibility. Bank financing to Qualified Buyer with 35% down. Zoning B-2 Community Business.

2014 Actual
Income $141,248
Expenses $ 63,350
NOI $ 77,898
Cap Rate 11.4%

2013 Actual
Income $140,261
Expenses $64,853
NOI $75,407
Cap Rate 10.80%

Disclaimer: The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Doug Rhudy or Wm Robert Webster Inc. a real estate corporation. All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice.

Location

The address IS NOT correct. After you sign the c/a agreement you will be given the exact address and the financial information on this park.
Thank you.

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Park Information

Community Type: 55 And Over
Total Occupancy: 80.0 %
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $141,248
Operating Expense: $63,350
Net Operating Income: $77,898
Expense Ratio: 44.9 %

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