Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.0%
- Listing ID: 552751
- Posted On: Aug 8, 2015
- Updated On: Dec 14, 2016
Description
Location, location, location! High income/cap rate 62 space mobile home park with hospital on two sides. Currently 30 spaces are rented giving this a 14%+- Cap Rate! Central Water & Sewer. This is a fixer upper with lots of upside! Don't miss out on this one contact us today.
By the way, the adjacent hospital one of the Heartland's largest growing medical facilities with the most current medical equipment(Division of Florida Hospital). Store in front has been rented producing additional income above what's stated. By the way, 8+- vacant mh spaces can be fixed up or removed by buyer.
Location
FLORIDA AVE S Wauchula 33873 on west side of town
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 62 |
| Total Occupancy: | 56.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $148,000 |
| Operating Expense: | $27,000 |
| Net Operating Income: | $121,000 |
| Expense Ratio: | 18.2 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 62 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $0 |
