Contact Information

Mobile Home Park Details

  • Price: $850,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Property ID: 1308032
  • Posted On: Aug 17, 2020
  • Updated On: Jan 26, 2021

Property Description

55+ Lakefront Mobile Home Park on Lake Bonnet: 40 space consisting of 10 waterfront MH spaces, 5 waterfront cottages, Lakefront clubhouse with balance of units off water.
Call Laura Higgins, P.A. 863-214-4425 for details.

Location

US 27 & Hammock Rd Sebring south to Lakeview dr to around circle to N Ridgewood dr to left SR 17 N to right on Red Barn Ln

Amenities

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

Park Information

Community Type: 55 And Over
Number of MH Lots: 21
Total Occupancy: 95.0 %
Average MH Lot Rent: $275
Size: 3 acre(s)

Financial Information (Actual)

Gross Income $99,618
Operating Expense $49,310
Net Operating Income $65,944
Expense Ratio 49.5 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 7

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