Contact Information

Mobile Home Park Details

  • Price: $2,400,000
  • Purchase Method: Cash, New Loan, Assumable Loan
  • Cap Rate: 7.0%
  • Property ID: 1000939
  • Posted On: Oct 22, 2018
  • Updated On: Feb 11, 2019

Property Description

Established turn-key creek front RV Park 55+ community 86 permitted RV spaces and one mobile home (park owned manager’s residence). 12.92 acres of land, annual NOI $170,000+- (including rent increase effective October 1, 2018). Good Seasonal tenants rent history returning each year.

Creek is approximately 6 miles long and 6-8 ft. in depth, and connects to Lake Eustis and Lake Griffin. Known for its bass fishing, pan, and catfish.

Breakdown of units:
-86 Permitted RV Spaces
- 1 mobile home park owned managers residence.
- Included park models
-Annual RVs
-6 & 6
- 34 Shorts


The property is on well water and septic tanks. The septic tanks are well kept and have been maintained, recently replaced lift stations. . All RV lots are individually metered for electric and paid for by the tenants. Garbage service (dumpster on site). Cash is not accepted, tenants pay by checks/money orders/credit cards. Background checks are completed on tenants. There is a very experienced on-site manager and work campers (seasonal) who are willing to stay on with the new owner(s).

- 600 ft dock and boat ramp on Creek, connects to the chain of lakes.
- Gazebo, fire pits, and wooden swings Creekside
- Shuffle board
- Private paved roads w/ 500+ft paved road frontage
- On site storage (additional fees maybe charged to the tenants)
- Recreational Hall
- Free Wi-Fi provided in Rec Hall
- 2 On site bathrooms, with showers
- On-site coin operated laundry
- Majestic oaks canopy over the roads
- pets allowed

Location

Lake County:Approximately a 1hour drive from Orlando International Airport/Disney World, Sea World, and Universal Studios. A relaxing 15 min drive to downtown historic Mt. Dora, and Renninger’s Flea Market and farmers market. Many locally owned charming restaurants/bars, and chain restaurants and stores are within 15 min drive or less- Walmart Supercenter, Publix, Home Depot, Lowes, McDonalds, Arby, Wendy, Outback, Red Lobster, KFC, Hardee's, Ruby Tuesday, Taco Bell, Denny's, Chili’s, Burger King, Walgreens, CVS, many lakes in the area and golf courses, full service hospitals in within close proximity.

Amenities

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

Park Information

Community Type: 55 And Over
Total Occupancy: 100.0 %
Size: 12.9 acre(s)

Financial Information

Gross Income $310,000
Operating Expense $140,000
Net Operating Income $170,000
Expense Ratio 45.2 %
Debt Info

RV Information

Number of RV Lots: 86
Average RV Lot Rent: $345

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $0

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