entrance sign
entrance sign
Crescent Way
Crescent Way
view towards W. Parker st
view towards W. Parker st
Homes
Homes
Homes
Homes
Survey
Survey
operating permit
operating permit
Business License
Business License
Health Dept. Permit
Health Dept. Permit
Sign/Entrance
Sign/Entrance
entrance sign
Crescent Way
view towards W. Parker st
Homes
Homes
Survey
operating permit
Business License
Health Dept. Permit
Sign/Entrance

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 8.5%
  • 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

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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: 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

Video

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