Mobile Home Park Details
- Cap Rate: 13.6%
- Listing ID: 12666
- Posted On: Jun 2, 2010
- Updated On: Sep 2, 2014
Description
29 SPACE MOBILE HOME PARK
HIGHLY MOTIVATED SELLER HAS OTHER INTEREST
CALL 850-485-4004 FOR APPOINTMENT
PRESENT ANNUAL INCOME $72,995 - ANNUAL EXPENSES $8,484 - DO OWN LABOR-
12 PARK OWNED HOMES, one is 2006- 26x56 DOUBLE WIDE, ALL ARE IN EXCELLENT CONDITION - 3 LOTS RENTED, TENANTS PAY ALL UTILITIES AND LAWN CARE ETC. LOTS 50'x100', VERY STABLE TENANTS, ONE 10 YEARS, ONE 7 YEARS. 14 LOTS UNDER DEVELOPMENT, ROAD BED COMPLETED, 8 INCH CITY SEWER, 2 INCH WATER SUPPLY, ELECTRIC TRANSFORMER, CABLE ALL AT EDGE OF EXPANSION. LOADER BACKHOE - FARM TRACTOR -ALL LAWN EQUIPMENT COULD BE PURCHASED. OWNER MAY FINANCE 40% TO QUALIFIED BUYER. HAVE ON SITE MANAGER AVAILABLE.
Amenities
- Storage
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Park Information
| Number of MH Lots: | 29 |
| Year Built: | 1980 |
| Average MH Lot Rent: | $215 |
| Size: | 4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $72,995 |
| Operating Expense: | $8,484 |
| Net Operating Income: | $64,511 |
| Expense Ratio: | 11.6 % |
Lot Information
| Singlewide Lots: | 14 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $550 |
