Contact Information

Mobile Home Park Details

  • Price: $2,775,000
  • Cap Rate: 6.5%
  • Property ID: 1147268
  • Posted On: Oct 23, 2019
  • Updated On: Oct 23, 2019

Property Description

**Please visit www.OtherStreetAdvisors.com to get more information on this property and access to the document vault**

OtherStreet Advisors is proud to bring you Holiday Mobile Home Park a 55-site family community located in Port Richey, Florida. The community is conveniently located right off of US-19 which is a major road with very heavy traffic count that from St. Petersburg, FL through Holiday, FL.

Holiday Mobile Home Park, as of October 2019, has 52 occupied spaces out of 55 developed spaces with lot rents at $410. Only one of the lot rents is below $410 and is currently $345. There is 1 park owned home that is charged a rental amount of $155 over the $410 lot rent. The community is on city water and sewer in which both are billed back to the residents. The current owner has completed several capital improvements throughout the community which include but are not limited to:

New water lines throughout the Park
New PVC line from lift station to city connection
New sub-meters on all homes
2 new lift station motors and panels
Street lights
New paint on clubhouse
Vinyl fencing
New roads and speed bumps
Tree trimming and removal

Location

Excellent location with access off of US-19 a major artery
Easy access to Clearwater, St. Petersburg and Tampa as well as dining, employment, recreation, highways and the Gulf of Mexico
Several major capital improvements
Stabilized community in a strong market
Below Market Rents by $35
A very strong local economy
Majority of the MH competition in the area (Pasco County) consists of 55+ Communities
Opportunity to fill the 3 vacant MH sites

Amenities

  • Laundromat
  • Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 55
Total Occupancy: 94.5 %
Year Built: 1965
Average MH Lot Rent: $409
Size: 4.8 acre(s)

Financial Information

Gross Income $282,247
Operating Expense $100,309
Net Operating Income $181,938
Expense Ratio 35.5 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $155

Other Listings by Enon Winkler

Similar Mobile Home Parks for Sale