Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 6.0% (Actual)
- Listing ID: 1378508
- Posted On: Jan 13, 2021
- Updated On: Apr 12, 2021
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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