Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.4%
- Listing ID: 1308030
- Posted On: Aug 17, 2020
- Updated On: Nov 6, 2021
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 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
