Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.8%
- Listing ID: 649676
- Posted On: Mar 29, 2016
- Updated On: Dec 13, 2016
Description
Motivated Sellers. Longtime ownership, park needs new ownership willing to bring homes in and fill. Clean park with good lot sizes. For financial information please visit our website at www.birchrealty.com this will be listing #314. Feel free to contact us at stan1@birchrealty.com or 727-914-8729.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 86 |
| Total Occupancy: | 63.0 % |
| Average MH Lot Rent: | $235 |
Financial Information (Actual)
| Gross Income: | $179,494 |
| Operating Expense: | $89,747 |
| Net Operating Income: | $89,747 |
| Expense Ratio: | 50.0 % |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $500 |
