Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Property ID: 1218518
  • Posted On: Feb 26, 2020
  • Updated On: Jun 30, 2020

Property Description

Well established Mobile Home Park that is neat and clean. 7 units total with 1 dbl wide and 6 single wide units. Park has a total of 8 spaces with one space rented to private owner. One unit is under repair from Hurricane Michael. Park keeps full occupancy. Paved road frontage near Marianna. Start or add to your retirement portfolio today. Shown by appointment only. Approved or cash buyers welcome. Possible owner finance call for terms.

Location

Excellent Location with 6 miles to Marianna and 50 miles to Panama City Fl. 5 miles to I-10.

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Park Information

Community Type: All Age
Number of MH Lots: 8
Total Occupancy: 100.0 %
Average MH Lot Rent: $250
Size: 4 acre(s)

Financial Information (Actual)

Gross Income $34,800
Operating Expense $9,385
Net Operating Income $25,415
Expense Ratio 27.0 %
Debt Info No Debt

Lot Information

Singlewide Lots: 6
Doublewide Lots: 1
Park Model Lots: 8

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5

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