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Photo of Manufactured Home Community
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Photo of Mobile Home Park
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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.0%
  • Listing ID: 116597
  • Posted On: Feb 16, 2012
  • Updated On: Jul 3, 2014

Description

Great Cash Flow Investment Property! Quiet Mobile Home Park Community near Winter Haven Florida... 2 Acres on Small Fishing Lake, Includes One 3 Bedroom 2 Bath House, 5 Mobile Homes .... $4,000 Gross Income Per Month. Asking Price $300K Flexible, Elderly Couple Desparite to Sell Due to 200 Mile Commute to see Property Manager. Will consider all offers Pre-Buyer's Realty 407-645-1432 Home 407-454-2490 Cell

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Park Information

Community Type: All Age
Number of MH Lots: 5
Total Occupancy: 100.0 %
Year Built: 2005
Average MH Lot Rent: $800
Size: 2 acre(s)

Financial Information

Gross Income: $48
Operating Expense: $6
Net Operating Income: $32
Expense Ratio: 12.5 %
Debt Info: Free & Clear

Lot Information

Doublewide Lots: 5

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $800

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