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Treasure Island Park 3401 Southeast 34th Avenue, Okeechobee, FL 34974

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 14.0% (Actual)
  • Listing ID: 1317105
  • Posted On: Sep 1, 2020
  • Updated On: Nov 15, 2020

Description

12 Unit fully leased waterfront mobile home park for sale
14% CAP RATE
Recently refurbished
All mobile homes and RVs are park owned
Tenants pay electricity

Location

Great location in Okeechobee, very close to center, waterfront

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Park Information

Community Type: All Age
Number of MH Lots: 12
Total Occupancy: 100.0 %
Year Built: 1985
Average MH Lot Rent: $725
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $97,200
Operating Expense: $12,000
Net Operating Income: $85,200
Expense Ratio: 12.3 %

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 12
Average Rent for Park-owned Homes: $725

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