Contact Information

Mobile Home Park Details

  • Price: $1,975,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1189536
  • Posted On: Feb 10, 2020
  • Updated On: Feb 10, 2020

Property Description

Value Ad Opportunity! 54 unit all age manufactured home park comprising of 3 lot rentals, 42 park owned homes, 7 additional full hook up sites, an office and a storage lot. 34 of the existing homes have been installed in 2006 onwards.

The park provides an investor with an opportunity to obtain a well-manicured and maintained tree shaded community with a  strong rent roll and minimal vacancy. The park has additional 7 vacant spaces, ready for new  homes providing substantial upside potential. The park is serviced by city water and sewer, but not individually metered.

An investor could immediately add approximately $85,000 annually in income by increasing rent, charging water consumption to the tenants and filling in the 7 new spaces.

INVESTMENT HIGHLIGHTS

- Newer homes
- Value Add Opportunity
- Upside rent potential with current lot rent below market and with the 7 additional full hook up sites.
- With up to $85,000 added yearly income by increasing rent, charging tenants for water consumption and filling in the 7 new sites.
- Ideally located in the center of the state and within 1 hour of TAMPA

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

Park Information

Number of MH Lots: 54
Total Occupancy: 84.6 %
Year Built: 1961
Size: 2.3 acre(s)

Utility Information

Water: City
Sewer: City

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