540-Space Mobile Home Park - for Sale in Florida
Somewhere in Florida
Broker Information
Bob WebsterWm Robert Webster Inc.
Mobile Home Park for Sale |
|
| Number of MH Lots: | 540 |
| Cap Rate: | 8.2% |
| Status: | Off Market |
| Property ID: | 14672 |
| Posted on: | Jul 21, 2010 |
| Updated on: | Nov 29, 2011 |
Property Description
Florida Mobile Home Park management Association for 540 space Senior Park in Lee County. The unique opportunity to own the club house and common areas of a resident owned manufactured home community. There are almost 550 total homes between two contiguous parks and maintenance fees are in the $80 fee and rise by CPI every year. Little or no vacancy and collection issues. You own the pool, clubhouse, shuffle board court and common area and are responsible for mowing of these as well as trash pickup, maintaining roads and providing street lighting. Basically fixed expenses with rising income.
Location Description
Lee County in Florida.
Disclosure: Park address is for general location reference only. Please fill out attached Confidentiality agreement attached to listing for exact location and financials.
Park Information
| Number of MH Lots: | 540 |
Financial Information
| Gross Income | $543,313 |
| Operating Expense | $200,101 |
| Net Operating Income | $334,213 |
| Expense Ratio | 36.8% |
| Debt Info |
Amenities and Other
| Pool: | Yes |
| Club House: | Yes |
| Storage: | Yes |
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