Mobile Home Park Details
- Purchase Method: Cash, New Loan, Assumable Loan
- Cap Rate: 9.1%
- Listing ID: 420243
- Posted On: Jan 6, 2014
- Updated On: Jul 1, 2015
Description
2 miles from Daytona International Speedway. Park like setting with many large trees. 59 mobile home lot spaces and one concrete block 2 bedroom 1 bath single family house. Laundry room. Tenants pay electric from individual electric meters. City water and sewer. Owner pays master water meter bill. Tenants reimburse water/sewer/trash based upon individual private water meter for each mobile home. Terrific long term, onsite manager will stay. Call or email for rent roll, expense information and showing instructions. Do not drive park or disturb onsite manager and tenants.
Amenities
- Laundromat
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 59 |
| Total Occupancy: | 93.2 % |
| Year Built: | 1968 |
| Average MH Lot Rent: | $326 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $247 |
| Operating Expense: | $92 |
| Net Operating Income: | $154 |
| Expense Ratio: | 37.2 % |
| Debt Info: | Possible assumption of existing $1,150,000 loan |
Lot Information
| Singlewide Lots: | 59 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $390 |
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