Photo of Mobile Home Park

Mobile Home Park Details

Purchase Method: Cash, Seller Financing
Cap Rate: 8.1%
Listing ID: 644260
Posted On: Mar 11, 2016
Updated On: Sep 1, 2018

Description

Multifamily Property for Sale – Principals Only – Waterfront Park

Putnam County Mobile Home Park – Seller Financing

Lot Rents Only – City Water & Sewer – Very Low Maintenance Park

Unique Waterfront Adult Park – Boat Docks, Sunset View Deck and Covered Slips with Access to Intracoastal Waterway

Price: $1,750,000

Number of Spaces: 34 Rental Sites, 32 Lot Rents Only including a Single Family Home on the Water and 1 Park Owned Doublewide Home

All sites have metered Electricity, City Water, Sewer and Natural Gas

Incredible Lakefront Lots with great views. Docks with Rented Boat Slips included.

Great upside potential for additional income from: Slip Rentals, Storage and Parking Area, Laundry Income, and potential to increase Lot Rents.

On site coin operated Laundry.

Beautifully maintained Park, Lot Rents Only.

MH’s are owned by Residents (Tenants) resulting in low Park Maintenance Requirements.

Property Type: Multifamily

Property Use Type: MH Rental – Investment Property

Lot Size: 4.31 Acres (Plus or Minus)

Description

ADULT MH Park – Lot Rents Only

Upside rental income potential. Adult Park with long-term renters that own and maintain their own homes and tiny houses. All sites have city water and sewer and individually metered electric and water/sewer.

New Owner can increase income by raising rents and possibly adding Additional MH Sites.

Destination cities and retail/commercial areas nearby.

Owner is ready to sell, retire and travel, and would consider Seller Financing.

Please fill in all the Blue Boxes on the attached C/A Agreement, sign, initial and return the Attached C/A Agreement to receive financial information, photos and the correct address.

Thank you,
Doug Rhudy, Broker

2018 Revenue from Current Rent Roll.

Annualized Revenue $180,060

Cap Rate 8.1%

Location

The address IS NOT correct, please sign the attached c/a agreement to receive the correct address and financial information on this park opportunity!

Disclaimer: The information herein and (all files attached) have been obtained from the Seller and other sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Doug E. Rhudy, his Agents, Webster Properties or Wm. Robert Webster Inc., A Real Estate Corporation. All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice.