Entry
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: New Loan
- Cap Rate: 11.5%
- Listing ID: 722600
- Posted On: Nov 14, 2016
- Updated On: Apr 20, 2017
Description
20 space all age RV/MHP park. 12 RV sites & 8 MH sites. 19 homes occupied with one home in re-hab. These are permanent units. 75% of the park sites have resident owned homes. Long history of excellent occupancy. Reasonable rents.
Location
East side of Lakeland in a residential area near I4 and the Polk Parkway. Close to medical facilities and shopping.
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 8 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1972 |
| Average MH Lot Rent: | $342 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $85,659 |
| Operating Expense: | $36,961 |
| Net Operating Income: | $48,698 |
| Expense Ratio: | 43.1 % |
| Debt Info: | Free and Clear |
Lot Information
| Singlewide Lots: | 6 |
| Doublewide Lots: | 2 |
RV Information
| Number of RV Lots: | 12 |
| Average RV Lot Rent: | $317 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $610 |
