Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.5% (Actual)
- Listing ID: 1019999
- Posted On: Jan 4, 2019
- Updated On: Mar 19, 2019
Description
Crescent Way Mobile Home Park is a Fully licensed 8 site ( LOT RENT) Mobile Home Park.
This is a true Mail Box money park, with no collection issues.
All homes are resident owned LONG TERM !!!
Gross Rent collection is $34,740.00 per year, Operating expenses are $7,417.00
Making for a Net Operating Income of $27,323.00, at our sale price of $320,000.00
That makes for an 8.54% CAP rate.
Please see all photos which include all licenses etc
.
Land Lord pays:
Central Water and street lighting by Lakeland Electric/water.
Septic Systems- Fully permitted and updated July 2016 and Dec 2016
Residents each pay by separate meter their own electric to Lakeland Electric co.
Terrific Residential location walk to school across street, also ambulance/emergency services at the corner by school.
Quiet area close to major employment centers.
Bustling Lakeland Florida just off I-4 and State Route 92
Between Tampa and Orlando/Kissimmee Florida, ( A Growth corridor!!!)
Information above is deemed reliable but not Guaranteed. Parties are advised to verify.
Please contact owner directly at 941-223-6067
E-Mail : vine@comcast.net
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 8 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $365 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $34,740 |
| Operating Expense: | $7,417 |
| Net Operating Income: | $27,323 |
| Expense Ratio: | 21.4 % |
| Debt Info: | 0 |
Lot Information
| Singlewide Lots: | 7 |
| Doublewide Lots: | 1 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |
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