Mobile Home Park - for Sale in Summerfield, Florida

14870 S Us Highway 441
Summerfield, FL 34491
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Sale Price: $820,000

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Broker Information

Bob Webster
Wm Robert Webster Inc.

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Mobile Home Park for Sale
Size:	9.7 acre(s)
Cap Rate:	12.0%
Status:	Active
Property ID:	102804
Posted on:	Aug 26, 2011
Updated on:	May 15, 2012
Price:	$820,000

Property Description

Marion County, FL Mobile Home/ RV Park for sale

PRINCIPLES ONLY ..... REDUCED ASKING PRICE $820,000

47 site park situated on 9.71 acres. 24 mobile home lot rentals, 6 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. Possible bank financing 65-75% loan to value. Zoning B-2 Community Business.

2010 gross income $148,000
Expenses $ 52,080 estimated (35%)
NOI $ 96,760

2011 Projected income $ 150,960
Expenses $ 52,090 estimated (35%)
NOI $ 98,000
$30 rent increase goes into effect 10/1/2011 for 24 lot rent homes.

Please sign c/a agreement to get information on this park.

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 Bob Webster 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.