Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Mobile Home Community

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 15.0%
  • Listing ID: 505612
  • Posted On: Jan 27, 2015
  • Updated On: Sep 2, 2015

Description

Lovely 17 Unit Mobile Home Park located in the fastest growing area of North Jacksonville. Owner has completely gone through the infrastructure in the past three years and upgraded many trailers, roads, drain fields and wells. Additionally the owner has performed background checks on all tenants as they were moving in to ensure the highest quality tenants occupy the family oriented park. Park will hold 17 Units but the owner has reduced the price and calculated the asking price based on 16 units as he believes the 17th unit should be replaced if the new owner wishes

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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 94.0 %
Average MH Lot Rent: $628
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $116
Operating Expense: $27
Net Operating Income: $88
Expense Ratio: 23.3 %
Debt Info: 0

Lot Information

Singlewide Lots: 17

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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