Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.3%
- Listing ID: 1130097
- Posted On: Sep 5, 2019
- Updated On: Dec 4, 2020
Description
9MH and 71 RV Sites -- 80 Total
Two bedroom / two bath owner's home with attached office. Public boat ramp access less than 1 mile away. Cable TV on every lot. Property is near a regional enclosed shopping mall, dining, medical care, trophy bass fishing, premier golf courses, and a world-wide yearly sport tourism attraction.
Electric is metered 30 amp or 50 amp for transient and permanent sites. Gross income equals current occupancy as of December 2020 and 2019/2020 actual occupancy for transient sites. BROKER'S OPINION: By filling 19 RV Sites with park models at market rates of $375 per month, gross income will be over $310,000 which will increase the net income over $245,000
Location
South Central Florida
Amenities
- Laundromat
- Storage
- Club House
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 9 |
| Average MH Lot Rent: | $300 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $256,407 |
| Operating Expense: | $58,139 |
| Net Operating Income: | $198,268 |
| Expense Ratio: | 22.7 % |
RV Information
| Number of RV Lots: | 71 |
| Average RV Lot Rent: | $395 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
