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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 229897
  • Posted On: Jul 21, 2012
  • Updated On: Sep 12, 2014

Description

Profitable Mobile Home Park that is nestled in by shade trees but within easy access from I-75, shopping and only 29 minutes from Tampa, Fl, with a total of 16 spaces and 13 park owned units.Remaining 4 lots spaces are rented out.Two wells are located on the property and potable water is free to tenants as is trash pick up by dumpster. Tenants pay deposits, rent and electricity onlywhich is separately metered. Septic-2-2500 gallon systems with lift stations.Tenants like living here and enjoy playing on the park grounds. Part-time manager may stay on to help new owner. Owner moving up North to retire. Owner will assist in training for a 2 week period. Live on site or manage from a far. This is a sweet investment for the right person..With NDA you receive rent rolls and expense info,with pending contract you receive P&L's.Gross Income-$ 110,400-Expenses $ 23,345-Net Income $ 83,055-Projected-Proforma 2012.With signed NDA basic financial info supplied.Showings appointment made after signed NDA and proof of funds and/or prequal letter and/or loan approval letter are received with 24 hour notice based on owners availability.No owner financing.

Location

Ruskin, FL

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Park Information

Community Type: All Age
Number of MH Lots: 16
Year Built: 1987
Size: 4 acre(s)

Financial Information (Pro Forma)

Gross Income: $110
Operating Expense: $23
Net Operating Income: $83
Expense Ratio: 20.9 %

Utility Information

Water: Well
Sewer: Septic

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