Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 6.0%
  • Property ID: 1378508
  • Posted On: Jan 13, 2021
  • Updated On: Apr 12, 2021

Property Description

Oak Hill is a 44 "lot only" park situated in growing Sanford near Pfizer Pharmaceutical and Lee Brick and Tile. This is a seasoned stable park with water and sewer and paved roads. Included is a recently renovated brick home.

Location

Near the intersection of 15-501 and 421

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Park Information

Community Type: All Age
Number of MH Lots: 44
Total Occupancy: 93.0 %
Year Built: 1999
Average MH Lot Rent: $300
Size: 17 acre(s)

Financial Information (Actual)

Gross Income $158,400
Operating Expense $43,947
Net Operating Income $114,543
Expense Ratio 27.7 %
Debt Info Existing 717,500 20 yr 4.05%

Lot Information

Singlewide Lots: 40
Doublewide Lots: 4

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $1,200

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