Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, Assumable Loan
- Cap Rate: 7.5%
- Listing ID: 543568
- Posted On: Jun 20, 2015
- Updated On: Dec 14, 2017
Description
Lakefront MH/Lk Hm Park:15 MH spaces lot rents 270/m & 1 CBS Home rents for $650/m. Enclosed rent rates are reflective of what they will be July 1st 2015. Upside: Rents are still low even after small increase, lot maintenance/mowing can be passed through /giving upside potential. Development Potential of platting/zoning into individual lake. This is one of the most turn key, low maintenance(little to no deferred maintenance MH parks on the market. Call soon before it's sold.
Location
Lake Reedy Blvd. Frostproof, Florida
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $270 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $56 |
| Operating Expense: | $22,600 |
| Net Operating Income: | $33 |
| Expense Ratio: | 40357.1 % |
Lot Information
| Singlewide Lots: | 15 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
