Contact Information

Mobile Home Park Details

  • Price: $1,299,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.4%
  • Property ID: 1308030
  • Posted On: Aug 17, 2020
  • Updated On: Jan 26, 2021

Property Description

55+ Lakefront Park on Lake Istokpoga a 25,000 acre prime fishing lake S. Central FL.: 40 space/ unit MH/RV&Cottages, private boat ramp, club house, multiple docks, 9 canal front spaces, 1 lakefront space with Lakefront common area for rest of park tenants. Established park with long rental history of existing tenants. Park is nestled in majestic oak hammock at north end of the lake. Call Laura Higgins, P.A. 863-214-4425 for details.

Location

US 27 & Hammock Rd Sebring south to Hwy 98 to Elliott Rd to park on left.

Amenities

  • Club House
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Park Information

Community Type: 55 And Over
Number of MH Lots: 27
Total Occupancy: 95.0 %
Average MH Lot Rent: $350
Size: 6 acre(s)

Financial Information (Actual)

Gross Income $168,962
Operating Expense $64,735
Net Operating Income $104,777
Expense Ratio 38.3 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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