Contact Information
James Watson
Mobile Home Park Details
- Price: $475,000
- Purchase Method: Cash
- Cap Rate: 15.0%
- Listing ID: 3978688
- Posted On: Nov 11, 2023
- Updated On: Feb 19, 2024
Description
This is a unique opportunity to purchase a cashflow with over a 10% cap in the ever growing Central Florida area. This fully occupied 7 unit park that has room to add more units if desired. Lets get your cash out of inflation and earning a livable return. gwatsonj@gmail.com for more details.
Location
Old Homeland is a classic small town America place. Come find out why.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 7 |
| Total Occupancy: | 100.0 % |
| Year Built: | 19691985 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $6,031 |
| Operating Expense: | $700 |
| Net Operating Income: | $64,000 |
| Expense Ratio: | 11.6 % |
Lot Information
| Singlewide Lots: | 7 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $861 |
