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
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 13.4%
  • Listing ID: 573170
  • Posted On: Oct 8, 2015
  • Updated On: Jun 28, 2016

Description

Resort is located in rural part of Central Florida.Impressive security fencing surrounds perimeter of Resort. Decorative signage and fountain entering Resort. Large mature trees throughout. All MH lots are double- wide with double or triple section homes.

BROKERS OPINION: Filling 27 double- wide lots with homes and producing added revenue by developing the 50 RV super sites will increase the net income $150,000-230,000. There are 11 mature life time leases that will produce over $16,000 per year if they converted to the current rent today. Current manufactured home lot rent is $50 below market rent to entice new home sales. 17 new RV sites were completed in 2014.

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
  • Handicap Accessible
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Park Information

Community Type: 55 And Over
Size: 28 acre(s)

Utility Information

Water: Well
Sewer: Septic

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