Contact Information
James Watson
Mobile Home Park Details
- Price: $525,000
- Purchase Method: Cash
- Cap Rate: 12.5%
- Listing ID: 3977665
- Posted On: Nov 10, 2023
- Updated On: Feb 19, 2024
Description
This wonderful 12.5% Cap rate mobile home park with 2 houses at full occupancy is ready for new ownership that will provide $60,000 a year return. Contact me to get this deal in motion. gwatsonj@gmail.com
Location
This mobile home park is located in a quiet dead end street in South Bartow in Polk County Florida.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 5 |
| Total Occupancy: | 100.0 % |
| Year Built: | 19651977 |
| Average MH Lot Rent: | $828 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $5,800 |
| Operating Expense: | $800 |
| Net Operating Income: | $60,000 |
| Expense Ratio: | 13.8 % |
Lot Information
| Singlewide Lots: | 5 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $800 |
