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Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 8.0%
- Listing ID: 219083
- Posted On: Jul 10, 2012
- Updated On: Jan 19, 2015
Description
This senior community of 42 MH sites and 1 RV site is located near the Polk Parkway and the city of Lakeland. It is convenient to business and shopping. The park has been well maintained including a freshly painted clubhouse and sealed roads. The park has city water and a septic system.
Location
On Old Tampa Hwy immediately west of Lakeland.
Amenities
- Laundromat
- Club House
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 43 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $350 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $175,380 |
| Operating Expense: | $50,982 |
| Net Operating Income: | $124,398 |
| Expense Ratio: | 29.1 % |
| Debt Info: | New Loan Required |
Lot Information
| Singlewide Lots: | 41 |
| Doublewide Lots: | 1 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $310 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $450 |
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