Mobile Home Park Details

  • Price:
  • Purchase Method: Cash
  • Cap Rate: 8.5%
  • Property ID: 1019999
  • Posted on Jan 4, 2019

Property 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

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Park Information

Community Type: All Age
Number of MH Lots: 8
Total Occupancy: 100.0 %
Year Built: 1969
Average MH Lot Rent: $365
Size: 0.9 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

Video

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