Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.0% (Actual)
- Listing ID: 1034265
- Posted On: Feb 18, 2019
- Updated On: Mar 29, 2019
Description
Nice quiet lakefront park. City water and sewer. All tenant owned homes. Licensed for 12 mh spaces, 10 rv/park model spaces. 15 occupied full time, plus 3 winter rv tenants. 68% occupied out of season, 81% in season. Rents scheduled to increase to $300 beginning May 1, 2019. Rents are currently $265. Really good tenants. Serious inquiries only please. 863-443-1115
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 22 |
| Total Occupancy: | 68.0 % |
| Average MH Lot Rent: | $300 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $58,500 |
| Operating Expense: | $24,200 |
| Net Operating Income: | $34,300 |
| Expense Ratio: | 41.4 % |
Lot Information
| Singlewide Lots: | 12 |
| Park Model Lots: | 10 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
