Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 459286
- Posted On: May 12, 2016
- Updated On: Dec 17, 2016
Description
This park is a very nice country type park. The location is centrally located to A rated schools, employment, beaches, fishing, shopping and Internationl Airport.
There are 30 spaces with 26 park owned mobile home rentals. Two unit were recently renovated and can add additional income this coming year. One of the units that is newly renovated inside and out, is a doublewide MH. Can be an owners home or for management. It is on a wooded lot and backs up to a pond.
Gross income for 2015 was $204,000 K. The NOI for 2015 was $98,000. A recently renovated unit will generate an additional $4800+- per year. Some rents are low.
This area has been constantly growing, as it is only 25 minutes to the beach.
Please do not contact tenants or managment, as owner would like to keep sell confidential. Owner is a Lic. Real Estate Broker. For additional information, Please call Char Weisz, Weisz Real Estate & maint.Inc. 904-501-5999
Amenities
- Storage
- Handicap Accessible
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 93.0 % |
| Year Built: | 1984 |
| Average MH Lot Rent: | $295 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $204,000 |
| Operating Expense: | $106,000 |
| Net Operating Income: | $98,000 |
| Expense Ratio: | 52.0 % |
Lot Information
| Singlewide Lots: | 29 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 26 |
| Average Rent for Park-owned Homes: | $650 |
