Dogwood Mobile Home ParkMobile Home Park for Sale in Tallahassee, Florida |
2305 Tommy Lackey Road
Tallahassee, FL 32310
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Sale Price: $649,000
Photo of Manufactured Home Community
Contact Information
Wendy Trawick
GT Holdings Group, LLC
GT Holdings Group, LLC
Mobile Home Park for Sale
| Number of MH Lots: | 20 |
| Size: | 13 acre(s) |
| Cap Rate: | 10.4% |
| Purchase Method: | Cash, New Loan |
| Status: | Active |
| Property ID: | 351466 |
| Posted on: | Dec 12, 2012 |
| Updated on: | Feb 12, 2013 |
| Price: | $649,000 |
Property 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.
Park Information
| Number of MH Lots: | 20 |
| Total Occupancy: | 90.0% |
| Size: | 13.0 acre(s) |
Financial Information (Pro Forma)
| Gross Income | $107,880 |
| Operating Expense | $34,900 |
| Net Operating Income | $67,586 |
| Expense Ratio | 32.4% |
| Debt Info |
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 |
Amenities and Other
| Storage: | Yes |
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