Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.5%
- Listing ID: 1163285
- Posted On: Dec 12, 2019
- Updated On: Nov 11, 2020
Description
Wesley Chapel – Zephyrhills, FL - Two “Turn-Key” MHP’s - 32-Spaces
Locations:
38425 Cozy Ct, Zephyrhills, FL – 18-sp MHP
3829 New River Rd, Wesley Chapel, FL – 14-sp MHP
This is an opportunity to own two well established “Turn-Key”
MHP’s in Zephyrhills and Wesley Chapel, FL. Both parks are a 6
minute drive from each other offering an convenient means of
management.
Both parks have been in operation for many years and offer
reliable tenant base. This offering consists of two MHP’s with the
following:
-3-acres MOL
-32-spaces
-32 Park Owned Mobile Homes
-Well/Septic
-100% Occupied
-$199,100 Gross Revenue (Actual)
-$122,941 NOI (Actual)
Price: $1,300,000 OBO
Financing: Third-Party Financing (Bank) may be available to Qualified Borrowers. POF’s must accompany all offers.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2005 |
| Average MH Lot Rent: | $498 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $199,100 |
| Operating Expense: | $76,159 |
| Net Operating Income: | $122,941 |
| Expense Ratio: | 38.3 % |
Lot Information
| Singlewide Lots: | 31 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 32 |
| Average Rent for Park-owned Homes: | $518 |
