Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 507808
- Posted On: Feb 6, 2015
- Updated On: May 11, 2015
Description
Hillside is an extremely rare opportunity to acquire an age-restricted infill community in Clearwater, Florida. This "plug & play" investment, with 87% occupancy, tenant-owned homes and including 8 inventory homes could increase performance quickly. This impeccable park with recently repaved roads along with other capital improvements will likely limit any near-term deferred maintenance concerns.
Although the capital structure was distressed and foreclosure was completed in Q1 2014, performance and tenant demand is strong.
This property is to be auctioned March 24-March 25. Starting bid on Auction.com is at $600,000. Auction.com Property ID is B152-106
Location
Renowned for its year-round sunshine, Clearwater, Florida is one of the most family-friendly beach spots, according to a Travel Channel ranking in 2014. Located within 15 miles of two international airports, Hillside is located in the middle of a top-20 MSA near Tampa Bay.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 68 |
| Total Occupancy: | 95.6 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $448 |
| Size: | 6 acre(s) |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
