Mobile Home Park Details

  • Price:
  • Purchase Method: Cash
  • Cap Rate: 10.0%
  • Property ID: 1034265
  • Posted on Feb 18, 2019

Property 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: 1.6 acre(s)

Financial Information (Actual)

Gross Income $58,500
Operating Expense $24,200
Net Operating Income $34,300
Expense Ratio 41.4 %
Debt Info

Lot Information

Singlewide Lots: 12
Park Model Lots: 10

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

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