Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.4%
- Listing ID: 884710
- Posted On: Dec 7, 2017
- Updated On: Mar 14, 2019
Description
One park is sub metered, the other is not we would suggest metering other park. Long time owner passed away a couple of years ago, the son has been managing however has a full time job and is not able to focus on the parks as most owners would. Park is in need of new ownership. For financial information please visit us at www.birchrealty.com this will be listing #306 on our site. Feel free to contact us at stan1@birchrealty.com or 727-914-8700
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 86 |
| Total Occupancy: | 67.0 % |
| Average MH Lot Rent: | $120 |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $130,000 |
| Operating Expense: | $80,500 |
| Net Operating Income: | $49,500 |
| Expense Ratio: | 61.9 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $425 |