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
- Cap Rate: 5.5%
- Listing ID: 824107
- Posted On: Jun 20, 2017
- Updated On: Sep 14, 2017
Description
Marcus & Millichap is pleased to present the opportunity to acquire Treasure Isle Estates, a 99 percent occupied, age-restricted manufactured housing community located in Port Orange, FL. The community is situated on 25.37 acres and consists of 140 sites.
Location
Treasure Isle Estates is located less than 10 miles from Daytona Beach and only 1 hour from Downtown Orlando, this irreplaceable location affords its residents with endless opportunities to enjoy numerous beaches, multiple highly acclaimed golf courses, and endless entertainment options.
Amenities
- Pool
- Club House
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 140 |
| Total Occupancy: | 99.0 % |
| Year Built: | 2003 |
| Average MH Lot Rent: | $468 |
| Size: | 25 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $812,320 |
| Operating Expense: | $333,401 |
| Net Operating Income: | $467,687 |
| Expense Ratio: | 41.0 % |
Lot Information
| Singlewide Lots: | 140 |
Utility Information
| Water Paid By: | Tenant - Submetered |
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