Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 25.0%
- Listing ID: 1364274
- Posted On: Dec 4, 2020
- Updated On: Apr 24, 2024
Description
I own Mobile Homes USA in Fort Myers and purchased this park from the city mayor who is now one of two county commissioners during the beginning of COVID. I am seeking a working partner for the park and have a Clear deed to property and have a move in ready Mobile Home available for the buyer or his employee to live in on site if desired and own two other homes which are rented out.
The property currently has all utilities connected to 9 mobile home spaces along the right and rear perimeter and room for 30 RV spaces or 14 Mobile Home spaces in the Left and Center of the
property directly accessible from the main road
To complete the infrastructure for the city water & Sewer I have an option to add 30 RV spaces or 16 mobile home spaces to complement the 9 current mobile home spaces currently there. I have wholesale sources to buy used RVs and Mobile Homes at wholesale pricing in the greater Selma area. I have local sources
for used RVs and Mobile Homes at wholesale pricing.
I am in the process of getting a mobile home dealer license for this park so we can also sell new and used units outside the park and need to take pics of our REPO's every week so we can get them up on social media to sell as is or rehabbed. Facebook Marketplace and Craigslist may be our best sources.. I have a mobile home dealers license to sell in All Florida or sell homes in adjoining Southeast States- However with an Alabama Dealers License
there is NO sales tax on used homes as opposed to 6% in Florida
which I have already filed for if you are interested. Car, RV or Mobile Home Sales Experience Necessary for my partner or an
employee we can bring on board to focus on sales and we can
concentrate on property development
There is demand for affordable housing for teachers and workers there at Marion Military Academy, Tekpak Manufacturing, NEW Perry County Prison System and Hunters in the fall season.
Location
Quiet secluded park in suburban Marion
Park Information
Community Type: | All Age |
Number of MH Lots: | 23 |
Total Occupancy: | 5.0 % |
Year Built: | 1982 |
Average MH Lot Rent: | $400 |
Size: | 3 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $500,000 |
Operating Expense: | $400,000 |
Net Operating Income: | $100,000 |
Expense Ratio: | 80.0 % |
Debt Info: | NONE |
Lot Information
Singlewide Lots: | 9 |
RV Information
Number of RV Lots: | 30 |
Average RV Lot Rent: | $500 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 4 |
Average Rent for Park-owned Homes: | $750 |