Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.6%
- Listing ID: 1431804
- Posted On: May 3, 2021
- Updated On: Oct 29, 2021
Description
12 Licensed Lots.
7 Park Owned @ $450-775
4 Bd. APT @ $725
1 House @ $775
Cottage @ $550
Duplex @ $550/450
Warehouse/Storage
This can also be a 2 Park Package with another park for sale in the same county.
Furthermore, the City of Milton is bringing riverfront shopping, entertainment, dining, and a living district to Blackwater River which is directly neighboring this Park.
Do not miss this Investment Opportunity!
Have a Park to Sell ?
We want to help!
Contact Frank at 727-592-2418
info@birchrealty.com
Ask about our Pocket Listings
Location
Milton is a city in Santa Rosa County, Florida. The Park is located in the Large Pensacola Metropolitan Area. Beaches and Local Navy Base keep this park fully occupied.
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 7 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $625 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $76,375 |
| Operating Expense: | $12,915 |
| Net Operating Income: | $63,460 |
| Expense Ratio: | 16.9 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $625 |
