Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 22.3%
- Listing ID: 108347
- Posted On: Nov 21, 2011
- Updated On: Jun 19, 2012
Description
Turnkey. 12 Units, all park owned. Permitted for one additional home. 5, 2/1 duplexes, one 2/1 single wide and one 3/2 double wide. There is an onsite manager and it is absentee owned. Both the single wide and double wide have central A/C. Laundry is onsite, which generates additional ~$200-300/mo.
All homes are individually metered for water consumption, so utilities cost for the owner is very low. PROPERTY IS CITY WATER AND CITY SEWER, so no septic/drain field hassles!. Rents are somewhat below market, with upside potential. The 2/1's rent for $375, the single wide for $475 and the doublewide for $550.
305-505-5916
Location
Skyview and Combee
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Average MH Lot Rent: | $0 |
| Size: | 1 acre(s) |
Financial Information
| Gross Income: | $56 |
| Operating Expense: | $8 |
| Net Operating Income: | $48 |
| Expense Ratio: | 14.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $400 |
