Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1175655
- Posted On: Jan 2, 2020
- Updated On: Sep 22, 2020
Description
50 Lot Park almost all Owner Occupied.
38 Total Acres
Room to Expand 15-20 more Sites!
130-140 K in Upgrades - New Asphalt, Roofs, Landscaping, Paint, Signs, Fencing, and Concrete Work.
Huron River just behind Park!
96% Occupied!
Zoned for Marina!
Updated financials!
Park pays Water,Trash and Sewer. Can be billed back!
Motivated Seller!
New Income Added!!!
HAVE A PARK TO SELL ?
Birch Realty - FRANK - 727-592-2418
Location
Within 1/4 Mile of Lake Erie!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 50 |
| Total Occupancy: | 96.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $482 |
| Size: | 38 acre(s) |
Financial Information (Actual)
| Gross Income: | $289,464 |
| Operating Expense: | $107,811 |
| Net Operating Income: | $181,653 |
| Expense Ratio: | 37.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $600 |
