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, New Loan, Assumable Loan
  • Cap Rate: 12.3%
  • Listing ID: 644155
  • Posted On: Mar 11, 2016
  • Updated On: Aug 10, 2016

Description

Three mobile home parks with a total of 69 units located in Melbourne, Florida. Historically high occupancy with exceptional cash flow. All parks are located along Aurora Road, within minutes of Interstate 95, and the Indian River. Unique opportunity to invest in an ongoing project, with positive cash flow, and limited expenses.

Location

Located along Aurora Road, between Interstate 95 and the Indian River, in Melbourne, Brevard County, Florida.

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Park Information

Community Type: All Age
Number of MH Lots: 69
Average MH Lot Rent: $400
Size: 8 acre(s)

Financial Information (Actual)

Gross Income: $274,536
Operating Expense: $103
Net Operating Income: $170,882
Expense Ratio: 0.0 %

Lot Information

Singlewide Lots: 69

Utility Information

Water: City
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 69
Average Rent for Park-owned Homes: $400

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