Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 7.0%
- Listing ID: 892283
- Posted On: Jan 9, 2018
- Updated On: Jul 26, 2018
Description
River Haven MHP is a senior community (55+) situated in a quiet neighborhood on Shell Point Road just off on RT41. Although the park isn’t waterfront it is but one residential lot away from the Little Manatee River providing for some of Florida’s best fishing and an avenue to Tampa Bay just a short boat ride away. One of the park amenities is the Fish House Restaurant situated along Shell Point Road. The Fish House has its own commercial site and uses one park site as a staging area for their operation. It has been open for business for 18 years+/- and about 7 of which with the present operator.
The park consists of 59 sites, 2 of which are used as seasonal RV sites. The two RV sites are often used as seasonal rental sites but could be potential sites for permanent homes.
Location
Located along the Little Manatee River about 30 minutes from downtown Tampa, Ruskin is easily accessible via the Rt41, the Selmon Expressway and I75. Local shopping is plentiful and the Brandon Mall is just 15 or so miles north on I75. Known well for the “Ruskin tomatos” and the tomato industry the town has grown as a Tampa suburb from about 9,500 people in 2000 and in 2014 the population was nearly 20,000. By 2019 the population is expected reach over 23,000.
Amenities
- Club House
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 59 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1965 |
| Average MH Lot Rent: | $425 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $330,922 |
| Operating Expense: | $107,412 |
| Net Operating Income: | $223,510 |
| Expense Ratio: | 32.5 % |
| Debt Info: | Existing Loan |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
