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: 8.4%
  • Listing ID: 800545
  • Posted On: Apr 5, 2017
  • Updated On: Sep 4, 2018

Description

Rare opportunity in the heart of Greater Jacksonville MSA. 25 pad park w/ 25 rentable homes on-site consisting of (23) Mobile Homes, (2) new 1br 5th Wheels.. All Park Owned. Dependable tenants on 12 month leases with deposits. Current Month Gross Rent was $12,155 in March 2017 with two rent-ready vacancies. Community/Public Water System (on-site), municipal sewer. Seller will hold financing with a 50% down payment.

Location

Located on Jacksonville's Westside in Ortega Farms.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 25
Total Occupancy: 92.0 %
Year Built: 1973
Average MH Lot Rent: $525
Size: 2 acre(s)

Financial Information

Gross Income: $158,160
Operating Expense: $71,222
Net Operating Income: $74,637
Expense Ratio: 45.0 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Similar Mobile Home Parks for Sale