Mobile Home Park Details
- Cap Rate: 10.4%
- Listing ID: 14071
- Posted On: Jun 29, 2010
- Updated On: Sep 29, 2017
Description
Currently a mobile home park. Lot rental only, 44 spaces family park. Property is being sold for land value. Buy now and hold for future development. Property zoned RM and GC. Approx 250 Ft. frontage on Military Trail zoned GC by 250Ft. deep of the total 3.52 Acres. Public water and sewer provided. Tenants pay for their electric.
Location
Please do not speak to anyone at the park. Tenants do not know park is for sale. Property located between Cresthaven and Kelly.
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Park Information
| Number of MH Lots: | 44 |
Financial Information
| Gross Income: | $277,200 |
| Operating Expense: | $100,176 |
| Net Operating Income: | $176,484 |
| Expense Ratio: | 36.1 % |
