Contact Information

Mobile Home Park Details

  • Price: $449,900
  • Purchase Method: Cash, New Loan
  • Property ID: 1142676
  • Posted On: Oct 9, 2019
  • Updated On: Oct 9, 2019

Property Description

This is a 15 unit park with 11 units currently rented and 4 under remodeling. We plan on seeing the remodeling through and renting for 100% occupancy, as we've had no problem renting places for more every time someone moves out and usually within a few days.
Great cash flow rental property with a CAP RATE of 16+% looking for new owners! Each unit has it's own public electric & water meter & hooked to sewer. Tenants pay their own utilities. Trash pick up is paid thru property taxes. Low monthly maintenance expenses! Tenants maintain their own yard space. Seller has put in $50,000+ in upgrades & maintenance in the last year to bring up quality of park & increase monthly rents. Tenants are on a 6 month lease period so rent can increase up to twice a year. There is a separate common Laundry facility with coined operated washer/dryer for tenants use. There is a current office unit that can be turned into an efficiency for rent. All units have range, refrigerator & window unit (a/c & heat). Age of mobile homes vary. All sizes are approximate.
If your interested in other parks or a bigger group deal, we currently have 9 parks in central fl all within 30-45 min of each other for a total of 112 units, this park being one of them. The total package would be a discounted rate of $4.5m See my other parks listed for more info.

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Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 74.0 %
Year Built: 1960
Average MH Lot Rent: $548
Size: 1.0 acre(s)

Lot Information

Singlewide Lots: 15
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 15
Average Rent for Park-owned Homes: $548

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