Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Cap Rate: 7.4%
- Listing ID: 506407
- Posted On: Jan 30, 2015
- Updated On: Jan 30, 2016
Description
Property for sale is a quiet, senior mobile home park with 37 lots. There are currently 35 mobile homes (all resident-owned) so upside exists with the 2 empty lots. Water is municipal and waste is septic. 7.35% CAP.
Location
Located on Federal Highway/Route 1, in Brevard County. Close proximity to Cape Canaveral, Cocoa Beach, shops and only a 45 minute drive to Orlando International airport.
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 37 |
| Total Occupancy: | 95.0 % |
| Average MH Lot Rent: | $345 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $140 |
| Operating Expense: | $41 |
| Net Operating Income: | $99 |
| Expense Ratio: | 29.3 % |
Lot Information
| Singlewide Lots: | 34 |
| Doublewide Lots: | 3 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
