13-Space Mobile Home Park in Tampa, FL


Mobile Home Park Location

Tampa, FL

Contact

Bill *
813-787-8200
Login to see email address

Photos

Summary

Mobile Home Park for Sale
Sale Price: $499,000
Cap Rate: 14.0%
Number of MH Lots: 13
Size: 3.2 acre(s)
Status : Active
Property ID : 12544
Posted on : Jun 02, 2010
Updated on : Aug 24, 2010

Property Description

Mobile Home Park on 3.19 acres w/ 13 mobile homes (11 park owned) & 1 new commercial block bldg. (1000sf, 2 story), surrounded by new growth. 11 rentals of $675-$850 w/ 2 lot rents at $333 per month and all units are in excellent condition and well maintained. Land mostly zoned C-2, balance should be rezoned for highest & best use. No vacancy, good long term tenants on yearly leases. Park is on county 2" water meter and all units are sub-metered & billed separately, septic w/ newer drain field & street lighting. 1+ acre is cleared for additional expansion and has exceptional commercial possibilities. Recent survey and appraisal (9/07). Asking $499,000, $35K per pad which includes the building and 3 acres of land. Make a reasonable offer and we will look at it.


Attachments

MHP Outline1.pdf

Park Information

Number of MH Lots:13
Total Occupancy:100.0%
Average MH Lot Rent: $333
Size:3.2 acre(s)

Financial Information

Gross Income$107,448
Operating Expense$17,420
Net Operating Income$90,028
Expense Ratio 16.2%
Debt Info

Utility Information

Water Paid By: Tenant - Submetered

Park-owned Homes

Number of Park-owned Homes:11
Average Rent for Park-owned Homes: $675
Back