Photo of Manufactured Home Community
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.4%
- Listing ID: 351466
- Posted On: Dec 12, 2012
- Updated On: Dec 12, 2014
Description
13 Acre MHP. Quiet and well maintained. 18 units on 5 of the acres with two empty pads. All homes are park owned. Each home has its own 8 x 10 shed for storage. It also has 8 additional acres for potential development. Public Library across the street. Excellent school zone. Located approximately 11 miles from Capital Circle NW in Tallahassee, FL.
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 90.0 % |
| Size: | 13 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $107,880 |
| Operating Expense: | $34,900 |
| Net Operating Income: | $67,586 |
| Expense Ratio: | 32.4 % |
Lot Information
| Singlewide Lots: | 20 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $500 |
