Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 14.0%
- 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
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
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 |
