Contact Information

Mobile Home Park Details

  • Price: $2,198,999
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.1%
  • Property ID: 1130097
  • Posted On: Sep 5, 2019
  • Updated On: Mar 2, 2020

Property 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.

VALUE ADDED EXPANSION OPPORTUNITY - 8.3+- neighboring acres will add 70 sites with 242ft of HWY frontage for sale at below market price. Electric is metered 30 amp or 50 amp for transient and permanent sites. Gross income equals current occupancy as of March 2020 and 2019/2020 actual occupancy for transient sites. BROKER'S OPINION: By filling 23 RV Sites with park models at market rates of $350 per month, gross income will be over $332,000 which will increase the net income over $250,000

Location

South Central Florida

Amenities

  • Laundromat
  • Club House
  • Storage
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Park Information

Community Type: 55 And Over
Number of MH Lots: 9
Average MH Lot Rent: $295
Size: 7 acre(s)

Financial Information (Actual)

Gross Income $235,232
Operating Expense $58,139
Net Operating Income $177,093
Expense Ratio 24.7 %
Debt Info

RV Information

Number of RV Lots: 71
Average RV Lot Rent: $395

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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