Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 7.0%
- Listing ID: 16827
- Posted On: Sep 28, 2010
- Updated On: Oct 19, 2010
Description
Well located 68 pad park situated on 7 acres with a current occupancy of 90%. Always enjoys strong occupancy and easy to manage. 37 park owned homes (35 single wide & 2 double wide).
Location
Desirable location just east of SR 7 (US 441) in Coconut Creek, Florida. Surrounded by high quality commercial and residential projects. Excellent future development potential.
Amenities
- Laundromat
- Pool
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 68 |
| Total Occupancy: | 90.0 % |
| Average MH Lot Rent: | $550 |
| Size: | 7 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $484,560 |
| Operating Expense: | $170,400 |
| Net Operating Income: | $314,160 |
| Expense Ratio: | 35.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 37 |
| Average Rent for Park-owned Homes: | $642 |
