Contact Information

Mobile Home Park Details

  • Price: $490,000
  • Purchase Method: Cash
  • Cap Rate: 5.2%
  • Property ID: 1400769
  • Posted On: Mar 2, 2021
  • Updated On: Mar 2, 2021

Property Description

Great Location, 8 unit mobile home park that offers a paved street, well water, septic for utilities and is situation on a nice quiet residential road but less than 3 miles from points of interest like Publix, McDonalds, Starbucks, Bank of America, CVS Pharmacy, Crunch Fitness and many other great national brands. The property consists of 7 single wide homes and 1 double wide home, the septic tank was replaced in 2013 with a 30,000 gallon tank and a new water pump for the well. These units are rented around $550-$650 per month and with some cosmetic renovation rents can easily be increased. When fully occupied this park has gross monthly income potential of $8,900.

Location

Situation on a nice quiet residential road but less than 3 miles from points of interest like Publix, McDonalds, Starbucks, Bank of America, CVS Pharmacy, Crunch Fitness and many other great national brands

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Park Information

Community Type: All Age

Financial Information (Actual)

Gross Income $47,500
Operating Expense $24,810
Net Operating Income $25,805
Expense Ratio 52.2 %
Debt Info

Lot Information

Singlewide Lots: 7
Doublewide Lots: 1

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $575

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